Upstate Provides Innovative Options for Home Buyers

In today’s real estate market, many home buyers are finding the home of their dreams on the market, but they may not be able to sell their current home. Edward Sternberg, founder of Northwest Mortgage Services, Inc. has developed the “No Contingency” mortgage that provides a solution for this common challenge.

The “No Contingency” mortgage is far superior to the traditional bridge or swing loan. Qualified buyers can put down as little as 5% on a new home and get today’s low rates. They do not get a higher rate or a temporary rate like an old fashioned bridge loan, and they only close one time. When the old house sells they have the option to roll over their equity into the new home and reset their mortgage without going through another closing. 

They also get to keep their low rate even if rates have risen in the meantime. Finally, there is no penalty if the old house takes longer to sell than expected.
 
People who are buying or selling in today’s real estate market may face new challenges this year; however, the Upstate provides as many innovative options as possible for those who wish to reside here. Edward Sternberg says, “The ‘No Contingency Mortgage’ is one way Upstate South Carolina home buyers can stop worrying and start living in the home of their dreams”. Edward Sternberg and Northwest Mortgage Services, Inc. can be reached at 1-800-754-1085 or www.nocontingencymortgage.com.