NOTICE: the content & links on this page are for informational purposes only.
Although we have attempted to be rigorous in our research, there is no guarantee as to the accuracy of the content,.
Before you make any decisions with respect to financing a mortgage We recommend that you consult a qualified financial or mortgage
advisor.
You may scroll down the page or use the "Topic Selector" below to get to the type of mortgage that you are considering.
- Cash
There are significant advantages in paying cash for your new home or investment property.
There are also some associated risks. The primary risk is not having enough reserve cash to meet future needs. Cash is "liquid"; real estate is not.
Cash buyers can sometimes negotiate discounts since closings are more assured and the transaction period can be shorter. Also, cash buyers often get lower closing costs.
Making your cash work for you instead of resting in low interest accounts also makes sense but again there are some cautions to take into consideration; general interest rates can rise and property values can fall.
From a seller's perspective, you need to verify that the buyer does indeed have the cash available & it is committed to your sale.
Purchasing property for cash is definitely a circumstance where you need professional advice.
Forbes has a good article on this topic: The Benefits Of Buying A Home With Cash
- Conventional Financing
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Conventional Financing
- FHA
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FHA Financing
- VA
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VA Loan Guarantees
- MFA
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- Coldwell Guarantee Purchase
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Coldwell Guarantee Purchase
Mortgage Calculator
This calculator is provided as a rough approximation of future financial performance.
The results presented by this calculator are hypothetical and may not reflect the actual performance of your loan or investments.
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contact us for further assistance with your mortgage planning needs.