What is a “Delayed Financing Option”? In some areas of the country bidding wars over properties go to the buyer with cash. The problem is that not everyone wants to buy a home with cash and keep it tied up on the property. So, they buy it with cash to win the bidding war, and then immediately refinance the home to pull that cash back out. It is a great option if you have the cash to temporarily buy a property. Sound interesting? Let’s talk!
Related Article Title: What Is Delayed Financing and How Does It Work? Question: Can you explain what delayed financing is and how a borrower would use it to their advantage? MC – Refinance Chart – All Agency Guidance Answer: Let’s say you are in a bidding war over a property and have cash to pay […]