Do you want to move but are afraid that….

Do you want to move but are afraid that….

Your house has lost value and after selling you still will not have a down payment that will get you into a new property?

You will sell your house and not be able to find something to buy?

You won’t qualify for a new mortgage in today’s more restrictive lending environment?

Do not let fear determine if today is the right time to make a move, let knowledge drive this decision, learn your options and determine your housing opportunities.  Find out before you opt out…

Start with Fairway:

• What mortgage amount do I qualify for? 
  Today’s low interest rates increase your buying power; find out what you
  can do before you make any decisions.

• Can I buy without selling first?  Let’s do the math and figure that out, with these low rates many people actually qualify to carry their current mortgage along with the new mortgage (until the house sells).

• What if I do qualify but don’t have a down payment? 
  There are many strategies available to you such as taking a short term
  loan against a retirement account, a home equity line against your current
  property, a gift from a family member… there are many ways to source a down payment.

• I’ve lost equity in my house and cannot come up with 20% down on the next purchase?  Again, with rates this low taking private mortgage insurance to get you into your dream home is not a negative, it can be
  a huge positive, let us show you why.

• I have to sell in order to buy, what happens if I sell and cannot find a new home in time?  Let’s do the math and make the determination and come up with a selling strategy which can involve a delayed closing date to allow you time to shop for a new home or a standard closing date with you renting your house back from your buyer for up to 60 days.  There are frustrated buyers who want to buy and will be happy to work with you if they want your house!

• If I wait my house will be worth more, why should I sell now?  Yes, many people believe that, and values are increasing 2 – 4 percent annually at this time.  As your value increases and the economy improves the first thing you will see is rising interest rates. Holding out for an increase in value may cost you the low payments that are driving today’s real estate boom.

Fairway offers the tools to guide you including ValuIT,  a $99.00 pre-appraisal that will give you a professional determination of the value of your home through the eyes of an appraiser.

Call us today at (781) 719-4664, do not let your housing desires be curtailed by fear, let’s talk about all the options in a thoughtful and professional manner; you will be happy that you did!