What Are The Pros and Cons of Owner Financing in Austin, Texas?

Pros and Cons of Owner Financing

Obtaining a mortgage from a bank is very difficult. According to Fannie Mae, they found the following average approval requirements: Average FICO score – 767 Average equity percentage – 29% Average down payment – 21% FHA loans, which once averaged in the mid-600s for FICO scores are now coming in at an average of around […] Read more »

Why Short Sales Are Better Than Foreclosures

short sale austin texas

When a lender agrees to accept less than the total amount due on a property, they are agreeing to a short sale. The bank takes a discount on the on the original mortgage note in order for the property to be sold. This process can take a long time since negotiation is needed to agree on […] Read more »