It has never been so easy to posture like a big-shot all-cash homebuyer.
Qualify and get pre-approved for a mortgage. Sign your soul away by agreeing to some stiff financial penalties if you don’t meet the lenders’ contract terms.
But with that, you can have the 800-pound mortgage money gorilla ready, willing and able to take out the seller at close of escrow. And the cost to participate is baked into your mortgage.
Who says you can’t compete with all-cash buyers because you need to go through the home-loan process? Who says a Fannie Mae 5% down payment can’t look as strong as cash on the barrelhead?
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