Individuals shopping for mortgages in Boston, MA, often have unique needs for unique situations. There is no one perfect solution for every mortgage. While traditional lenders will work for a traditional loan, if your situation is less straightforward you may want to talk to a specialist
Unique Lending Needs for Mortgages
One common situation buyers may find themselves in is the need to finance one home while the current home has not yet sold. Bridge financing is possible and allows you to close one deal without waiting for another to be complete.
You may also need special financing options if you are aiming to buy a foreclosure, short sale, an unstable property, or one that needs extensive rehab. Traditional lenders often do not want to get involved in these types of mortgages.
While the field of choices is smaller when you are shopping for less than traditional mortgages in Boston, MA, you still have options. There are real estate lenders that specialize in these types of investments and would be happy to work with you.
When you are looking at a less than traditional deal, it makes sense to work with a mortgage broker that specializes in the type of property you are looking at. While a real estate agent may not see these types of situations often, the mortgage lender handles them daily. They can provide you with the information you need to close promptly with a clean title.
If you are looking for a less than a traditional mortgage, get in touch with Harper Financial LLC today.
