How Financing Details Affect Your Offer
Most buyers do not have enough cash available to buy a home, so they need to
obtain a mortgage to finance the purchase. Since you will probably make your
purchase contingent upon obtaining a mortgage, the seller has the right to be
informed of your financing plans in order to evaluate them. That is one of the
major reasons that financing details are included in your offer.
Down Payment
As part of your offer, you
will need to disclose the size of your down payment. Once again, this allows
the seller to evaluate your likelihood of obtaining a home loan. It is easier
to get approved for a mortgage when you make a larger down payment. The
underwriting guidelines are less strict. Call Dale or Cathy for Pinehurst Fairwoods
on 7
real estate.
This site was developed to
provide information on Pinehurst real estate including Pinehurst Golf
and Waterfront homes, Pinehurst condos, and Pinehurst and Southern Pines
Commercial real estate.
Sotheby's International Realty
Dale
Heck – Realtor/Broker
910-528-4652
