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Chapman, Home Buyer in San Marco, Jacksonvi...

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

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

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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
0 votes Thank Flag Link Sun Feb 1, 2009
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