Delayed Financing

Are you paying cash to make your purchase offer more attractive?

I’d love the opportunity to talk to you about delayed financing This strategy allows you to purchase a property with cash and then take out a loan to get your cash back.

With delayed financing, borrowers do not have to tie up their funds in the property.

At Bell Bank Mortgage, we offer delayed financing immediately after closing (so you don’t have to wait 6 months!)

Qualifications

• The cash out mortgage must close within six months of the original cash purchase

• The property, including title, survey and appraisal, must meet our guidelines

• The borrower must have qualifying income and credit

• The property cannot be listed for sale

• Cash used to purchase cannot have been a gift or be a loan secured by the subject property

* Additional requirements may apply. Contact me to learn more.

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