Banks Closing costs Finance Loan contingency 
HomeLight
AUGUST 31, 2021
From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan.
HomeLight
MARCH 23, 2022
Once you decide to buy a home, looking into your financing options should be one of the first steps. In the preapproval process, you’ll usually submit documentation of your financial details, which can include bank statements, W-2s, a credit check, two years of tax returns, verification of your down payment funds, and more.
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