📍 Ensure the purchase was an "arm's length transaction" (not buying from a relative) to qualify for rapid refinancing.
You often avoid appraisal requirements and some lender fees during the initial purchase. cash mortgage buying house
Sellers prefer cash; it closes faster and has no financing contingency. 📍 Ensure the purchase was an "arm's length
You can pull your money back out via "Delayed Financing" to keep your savings liquid. 🔴 The Cons: What to Watch cash mortgage buying house
This allows you to bypass the typical six-month "seasoning" period.
Mortgage rates might rise between the time you buy and the time you finance.