paying cash to buy your home?
Post on 14-Apr-2017
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In today’s competitive housing market, more buyers are using ‘all cash’ to purchase a home. Our delayed refinancing product allows buyers who pay cash for a home to obtain cash out using a refinance – and the cash out and refinance will not be priced or treated as such.
All borrowers who purchase a property for cash are eligible for a cash-out refinance as long as the following requirements are met:
• Cash was used to pay for the property within the last six months.
• The original sources of the funds used to purchase the home are fully documented and sourced.They are the borrower’s own personal funds and not gifted, borrowed or business funds.
• The new loan is treated as a rate/term refinance.
Please contact me for more information.
Learn about our delayed purchase refinance
All rates and programs subject to change without notice. Not a commitment to lend. Sierra Pacifi c Mortgage, Inc.
Buy With Cash Today, Get a Loan Tomorrow
Jenny Montoya NMLS# 1248181
Sierra Pacific Mortgage Loan Officer
3 Corporate Park #210 Irvine, CA 92606
Email: jenny.montoya@spmc.com Office:
949-870-4008 Cell: 714-468-7549
LENDEREQUAL HOUSING
© 2016 Sierra Pacific Mortgage Company, Inc. NMLS ID #1788 (www.nmlsconsumeraccess.org). CA DBO/RMLA 417-0015 (01/16)
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