Albuquerque Real Estate News

Boomerang Buyers

May 1st, 2019 8:18 PM by Frank Mendoza



Boomerang Buyers -

Many boomerang buyers fell victim to the financial hardships and real estate bust of the great recession.  Many have recovered and are still renting.  They are coming back stronger than ever before and are ready to purchase their next home.

Are you a boomerang home buyer?  A boomerang home buyer is someone who has gone through a bankruptcy, short sale or foreclosure and has worked on their credit scores, got their finances in order and saved money for a down payment for a new home.  These scenarios I just mentioned have waiting periods/requirements to get a new mortgage.  Has your waiting period expired and you now meet these requirements?  You may be ready for the next step.

Interest rates are still low and can be of great benefit for the boomerang buyer to realize their American dream of once again owning a home.  

Do you continue to rent and are ready to boomerang into owning your own home?  I’d like to help!  Call me, Frank Mendoza, at 505-615-0436 for more details.


Frank Mendoza
Qualifying Broker/Realtor
505.615.0436


Source:

https://mymortgageinsider.com/ask-tim/buying-house-after-foreclosure/ 



Posted in:Home Buyers
Posted by Frank Mendoza on May 1st, 2019 8:18 PM