Guest Blog: Competing with cash offers
After searching for months and seeing everything from Sarasota short sales to Siesta Key beachfront condos, the perfect home finally comes on the market. You are pre-approved and ready to go the day it becomes available, but so is another buyer, and they are purchasing with cash. Having sold before you know that cash offers are strongest and you really want this house. You have the funds available for purchase, but decided you want to take advantage of the historically low interest rates in addition to other plans for your liquid funds. What is your best option?
A refinance program that quickly puts cash back in your pockets.
Primary and second home buyers with a 720 plus credit can immediately refinance their purchase and pull out up to 75 percent cash out with our special refinance program. Some of the terms to be aware of when doing this are that the monies that are used to initially purchase the home must be verified. Also the borrower does have to qualify for the loan and appraisal must be completed. Finally, the closing must be completed within 6 months of the initial purchase settlement date.
If you were worried about added expense by purchasing this way, don’t be. Rates and closing fees are the same competitive rates as the initial purchase. Please contact us with any questions or further details on this incredible program.
Gina Damico, Loan Originator NMLS 229291Liberty First Mortgage, LLC NMLS 928723
2831 Ringling Blvd Bldg. E 215, Sarasota, FL 34237
941-487-8858 (O) 941-350-6276 (c) 877-302-8557(F)
If you would like more information on any homes for sale in Sarasota, FL or any of our Siesta Key beachfront condos we'd love to show you. Please contact Key Solutions Real Estate Group, or call #var-phone-number#.