Many buyers are making all cash offers today. But, due to mortgage seasoning requirements (normally 6 months), many of them are concerned they won’t be able to free up their cash after they close.
Coast One Mortgage has successfully negotiated a seasoning requirement waiver on all their conventional, jumbo and portfolio products. Simply put, you can pay cash for a property, and immediately turn around and do a cash-out refinance, up to 85% for all conventional loans, and 89.99% on all jumbo and portfolio products, to extract your money back out of the property! Moreover, NO Private Mortgage Insurance policy.
Call me for more information.