The Pros and Cons of a Short Sale on Your Home Loan
A Home Loan is an important financial tool that allows you to purchase a home. However, when you are looking for the perfect home, you need to make sure that you know your own financial situation. If you don’t, you may be unable to repay your loan on time. If you are facing this situation, you may want to take a short sale. Although this type of sale is not always approved, it can help you close the books on your homeowner loan. To qualify for a short sale, you must first prove that you can’t repay your loan in full. To do this, you will need to provide the lender with a hardship letter, tax returns, and pay stubs. Choosing a lender is another important decision. You need to choose a lender that offers competitive rates. You also need to determine what kind of home loan you want. You…