If you have excellent credit you will have the least amount of hurdles to jump through. When the mortgage companies in [Profile.market2] are evaluating your credit generally talking about your FICO score. This is a compilation of the three major credit bureaus and is the standard for determining credit worthiness in the industry.

You will have access to the best loans and more negotiating room with a FICO score above 710,when looking at your credit score.

There are now many different loan solutions available to the investor in [Profile.market2]. It is still possible but not probable that you could fine financing for 100% of the cost to purchase the piece of investment property.

There are many options available even if your credit is not up to par. You may be able to negotiate the seller carrying a second mortgage on the property in [Profile.market2].

In one scenario, both you and the seller are both happy with the price negotiated. Your loan will take care of eighty percent of the purchase price, and the seller accepts payments for the remaining twenty percent.

It is easier to get a loan for 80% of the purchase price. It is definitely the case if you have agreed on a cost that is less than the market value. Maybe you negotiated a sale price of $100.000 while the real market value is actually $120,000.

In this scenario the money coming from the lender is easier to get. The risk is minimal.

There is a lot of free information available to you about buying, selling or investing in Port Angeles real estate. For complete information about the Port Angeles real estate market including, homes for sale, Land for Sale, buyers and sellers info, home values,  relocating information …Please visit my website www.port-angeles-real-estate.com  There you’ll find everything you need to know about Port Angeles Washington Real Estate  

Feel free to contact me (Steve Edwards) at anytime. I’ll be happy to answer / address any questions or concerns you may have.  Call me anytime … I can be Toll Free: (866) 359-9099 or  mailto:steveedwards@olypen.com

Thank you for your time!
 
Steve Edwards – Realtor
Windermere Real Estate
Port Angeles, WA
Real Estate Expert / Agent