This episode is for agents AND sellers. With inventory so tight, we have to be on point with our lending solutions because BUYERS NEED AN EDGE. Here's what that looks like appraisal gap insurance, appraisal waivers, earnest money guarantees, and loan objection waivers. PLUS all the creative loans to match the opportunity.
What is a TBD underwrite? This is where you disclose the loan, gather all income and asset documentation, we completely underwrite that file for a particular TBD purchase price, with estimated insurance, taxes and amount down, qualify to verify income and assets, then all you need is the property. That can give you the ability to waive the loan objection. Would this help you the buyer gain an edge? You bet it will!
Nicole and her team are specialists in this to help your buyers, agents. Buyers, ask your agent to get help with this. There are more tips in this episode that will help you purchase the property you have found. This will tell people you are good as cash when it comes to the loan.
We still need to go through the inspection and appraisal process, but as a verified cash buyer you have a huge advantage. She also covers appraisal gap insurance and the logic behind it.
There are bonus tips for credit repair.
How You Can Find and Benefit from an Assumable Loan
PPI Numbers Explained: Is Inflation Finally Slowing Down?
Can I Buy Down My Interest Rate?
First-Time Homebuyer Advantages in Today’s Market
Housing Today Comes Down to These Things
Eight Home Buying Myths
What Are Seller Concessions?
Discussing the Current Real Estate Market Landscape
Focus On the Payment, Our Economy Works In Cycles
3 Ways to Get Rid of Your Mortgage Insurance
Using Current Market Volatility To Your Advantage
Interest Rates are Below 5% Again
Why a Real Estate Slowdown Is Not a Loss
Should I build a home instead of buying a home?
How Does the Global Market Movement Influence the US Real Estate Market?
Can the Recession Just Get Here?
Four Reasons Real Estate Just Picked Up Again
What Are Your Responsibilities as a Co-Signer on a Mortgage?
Conforming Home Loan Limit Increasing to $715,000
DMAR Sept 2022 Homeowners Have the Upperhand
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