HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. With a mortgage, the bank verifies that the buyer has the down payment available to close.

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Purchase and sale agreement Closing Title search Title 100

HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 76

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. The buyer does due diligence during the option period in Texas. But that’s no longer the case.

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Sales Purchase and sale agreement Earnest money deposit Investor 63