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Sanders dad just got a cash advance

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Sanders dad just got a cash advance

" Putting this provision in your contract "will keep the lender a bit more on their toes for your sake," he says, "and it also shows the seller you are really willing to put your neck on the line for your financing. " This deal sweetener will appeal especially to sellers who are carrying two mortgages. Dont get an FHA loan. One major downside to getting an FHA loan: You'll be forced to pay mortgage insurance premiums for the life of the loan.

But FHA loans also are unattractive to savvy sellers, who recognize some FHA buyers barely qualify because of low credit scores and are more likely to hit snags in the loan process. If you have FHA financing, youre not only at a disadvantage to sanders dad just got a cash advance buyers but also to buyers with conventional financing. Home buyer Stacie Sheftel of Clearwater, Fla.says she had several offers rejected in favor of cash buyers, even though her offers backed by an FHA loan were higher.

She eventually had an offer accepted after switching to conventional financing at a sellers request. She provided documentation to prove she had funds to close, and because she wanted the seller to contribute 3 toward closing, she offered the asking price plus 3.

Sanders dad just got a cash advance