I can help you with the sell of your home, and the purchase of your new home, please read my attached Buyers discount offer... I also do listing discounts on the sell of your home with the purchase of a new home... Please don't hesitate to contact me if you have any questions... I look forward helping you satisfy you're Real Estate needs...
Rosie Kelch The Singing Realtor
24 Years of Real Estate Service with A Song
Hablo Y Canto en Espanol
210-846-3027 Mobile Text Friendly
24-7 Information Hotline 800-811-5759 ext 1111
I can do a comparative market analysis for you on the new home to make sure that the price is actually fair market value. If it is listed above market value, you can offer less (which means that you would have a smaller amount to finance, if any). I would recommend you contact Carlo Colantonio at Nationstar Mortgage for other financing options. He's great at home loans and is easy to work with. He can be reached at 210-313-6196 or 210-290-8225 or firstname.lastname@example.org
I would like to help you with this process, please contact me.
Good luck and congratulations!
If the new home, you will purchase will be over by that amount, any Credit Union will help you. Most lenders will not finance if the amount is under $ 50,000. However, you might get a much better rate, if you finance an amount over $ 50,000. You will have a much bigger pool of lenders to choose from. Since you do not seem to want to owe any money, you have the option to make extra payments, to shorten the life span of the loan.
It appears you would greatly benefit from the representation of a Realtor, who will guide you and will advise you what is best for you. Somebody who negotiates on your behalf and knows all the neighborhoods and spec homes, ready to move in at a considerably lower price. If you are looking for a great real estate professional, do not look any further. Contact me either by phone or e-mail.
Joyce Klein Realtors
Cell (210) 744-4502
One more option to consider, with rates being so incredibly low, why not put 50% down and financing the balance for 10 or 15 years. Your rate could be below 3% and most if not all mortgages are simple interest, meaning you can generally pre-pay without a penalty.
If you hold onto the cash and put it into a safe investment, your total cost could be quite low.
There are many options as you can seel.
1. Beat down the seller more.
2. Use a really kind hearted lender
3. Stick it to the real estate professionals.
4. Hold a note.
By many of the responses received, it is not hard to imagine that to those with only a hammer in the tool box, every problem looks like a nail. This is were a transaction architect becomes invaluable.
There are many factors unknown about the transaction you are considering. As you can imagine, $15,000 over the cash purchase of a $450,000 home presents options that does not exist if the cash purchase was $80,000.
You do have options. Now may be a great time to consult your real estate professional.
Best of Success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Of course, if your agent is a blood thirsty tactful vulture like I am.. we may be able to negotiate the price down by that $10K to $15K and you won't need a loan at all ;)
I hope that helps :)
The other option is to simply put less money down... and when you make your first payment, blast the balance with a huge payment to bring the principal due to only $10K to $15K. I would suggent getting a 15 or 10 year note to keep the interest super low. If this option sounds good.. go here: http://www.DHIMortgage.com/Kasey-Hampton - she has the lowest interest rates in the whole state! You can thank me later ;)
Jason C Campbell
Platinum Top 50 Finalist
Option One Real Estate
Cash is king, and I can leverage that to entice sellers to take less than they'd planned, since there will be no financing drama.
Feel free to call me for more information. I will likely save you THOUSANDS.
It's what I do best.
Justin Werner, ABR, CRS, SFR
Accredited Buyer Representative
Certified Residential Specialist
Short Sale & Foreclosure Resource Certified
10000 San Pedro, Suite 110
San Antonio, TX 78216
Past Client Video Testimonials:
Your Home Sold in 120 Days, GUARANTEED!
Save at least $2,500 on your next home purchase, GUARANTEED!
This is a good question. Most lenders that I am aware of will not do a mortgage for that low of an amount. Your best bet is to get with a knowledgeable lender that can tell you who to go to. It may be that you need to take out some type of signature loan on that small of an amount.
Good luck with the sale of your home and subsequent purchase!