a Boomerang Buyer is one that had a negative credit event that was associated with a mortgage. For example they may have had a short-sale or a foreclosure or they may have had a bankruptcy and now the time bar from this negative event has passed and the path is clear for them to secure a mortgage again.

Kevin Martini | NMLS ID 143962 | Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | Equal Housing Opportunity