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Answers (2)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Vince- In my opinion, unless it is an investor purchasing a low dollar distressed property, this is depleting their assets on a property that may continue to depreciate for a few more years.
Utilizing pledged assets or asset utilization, may be a better alternative than cash, without depleting their assets. Today, a borrower may receive a $4,000,000 loan at around 3.75% on a 5/1 ARM, and also have other low rate programs available for their specific needs. They just didn't explore all the options for their purchase.
Also, a lot of borrowers optimize their taxes, that does not reflect their lifestyle. They think they need a no-doc or stated income loan, which in many instances is not the case. These programs are fully explained on my website. Best wishes.
Happy holidays, Rudi
Utilizing pledged assets or asset utilization, may be a better alternative than cash, without depleting their assets. Today, a borrower may receive a $4,000,000 loan at around 3.75% on a 5/1 ARM, and also have other low rate programs available for their specific needs. They just didn't explore all the options for their purchase.
Also, a lot of borrowers optimize their taxes, that does not reflect their lifestyle. They think they need a no-doc or stated income loan, which in many instances is not the case. These programs are fully explained on my website. Best wishes.
Happy holidays, Rudi
- Bob Brandt, "BobBrandtRealtor"
- Contributions:1019
In the last couple years, about 2 of 3 of my transactions were cash. Either investors, good savers or retirees buying the dream home.
38% of all homes purchased now are with cash....
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- 0.0/5.0
- (no reviews)
Contributions:4699Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases. Between tight lending standards and a desperate search for yield by investors, cash purchase of homes (especially distressed properties) became even more common in 2011 than last year.
More here.......
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