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What’s the Deal with Making a Cash Offer on a House?

HomeLight

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.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Interest rates can spike unexpectedly which can affect qualification if the loan is not locked, or the buyer’s credit score or income can change, causing the underwriter to reject the loan. Loan approval.

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