Remove Principal Remove Proof of funds Remove Short sale
article thumbnail

Is Now a Good Time to Buy a House with Cash in 2025?

Marco Santarelli

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. ” Distressed sales (foreclosures and short sales) were still very low at 3% in March 2025. Don't drain your accounts completely.

Finance 52
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Original principal balance. Proof of funds. You know you love a good amortization schedule.