The following blog post was written by Sr. Mortgage Consultant Austin Lampson of OnQFinancial in Santa Barbara. OnQFinancial will be one of the Exhibitors at our Home Buying Fair on March 1st from 10am-3pm at Earl Warren Showgrounds. Thank you Austin for sharing your expertise and insights!
Get Back Into the Home Buying Market
Many residents of the Gold Coast experienced hardships during the recent economic downturn that put them behind on their housing payments. Some of us had to declare bankruptcy, take a short-sale or unfortunately may have been foreclosed upon. Yet did you know that you may be eligible to be back in the purchase market sooner than later?
Lenders are lending to you!
We just closed a transaction for a client who had a short sale two years ago. She was able to enter into contract on a new home just days after the two year anniversary and obtain a Conventional, 30 yr. Fixed rate loan. Other options may be available depending on your personal circumstances, needs and goals.