SELLERS CAN USE FHA, VA LOANS AS MARKETING TOOL
WASHINGTON – Sept. 27, 2013 – Homeowners who have a mortgage insured by the Department of Veterans Affairs or Federal Housing Administration are often unaware of one feature: The buyers may be able to take over the homeowner’s loans under the same terms. This prevents the buyer from having to take out a new mortgage, and it may be an incentive that can be used as a marketing tool to sell a home – particularly at a time when mortgage rates are on the rise, The New York Times reports. “You could now have a seller saying, ‘I have a great house to sell you and a great mortgage to... READMORE