I would like to know what is meant by the flexible terms?

Asked by Chapman, San Marco, Jacksonville, FL Sun Feb 1, 2009

This question is about this property: http://www.trulia.com/property/1066757679-1714-N-Market-St-J…

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Carol Zingone, Agent, Atlantic Beach, FL
Sun Feb 1, 2009

This property is listed as investor special, being sold as is. This means the seller will not make any repairs to the home.

If you are a first time buyer, you should be aware this property most likely will not qualify for either FHA (Federal Housing Authority) or a VA (Veteran's Administration) loan. It appears it would qualify for conventional financing, which would most likely require 20% down and finacing the remaining 80%.

The flexible financing terms seems to refer to the seller considering holding a mortgage - which could be a banefit to you; if the interest rate and terms were agreeable to all involved.

Good luck - if I can help further, please feel free to contact me.
Carol Zingone
Broker Associate
Prudential Network Realty
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