Realtor.com

NOVEMBER 28, 2022

“There are bridge loans that will allow for short-term use of equity from your current property to serve as a down payment for the next property if this is needed. ” Current rates on bridge loans range from 6% to 16% with the idea that you’re paying off the loan as quickly as possible, as soon as your original house sells.

Marketing 119

Marketing Pre-approval Equity Finance 119

Redfin

SEPTEMBER 2, 2020

If you have been pre-approved for a specific amount, the house may not appraise for a higher price bidding wars often get to. 1) For real ammunition, get pre-approved for a mortgage. Smart homebuyers do their research and get pre-approved for a mortgage before beginning their house search.

Pre-approval 77

Pre-approval Loan contingency Agents Banks 77

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. 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. Though you can (and should!) The inspection.

Due diligence 79

Due diligence Inspection Pre-approval Pre-qualification 79

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Only include essential contingencies.

Pre-approval 96

Pre-approval Marketing Inspection Finance 96