Get your dream home in a competitive market. With our Delayed Mortgage Financing Program, Greenway's clients are able to win bidding wars with an all-cash offer upfront, close with their cash reserves, and recoup their assets once the transaction closes without having to wait the traditional 6 month seasoning requirement.
PROGRAM BENEFITS
- Beat out the competition with stronger cash offer.
- Consider a broader range of properties.
- Allows investors to remain liquid.
HOW DOES DELAYED FINANCING WORK?
- Purchase a property in cash.
- Apply for the Delayed Mortgage Program.
- Client utilizes the cash received at closing to replenish cash used to acquire the property.
FINE PRINT
- Conventional mortgage guidelines, limits and ratios - with some caveats/restrictions.
- Funds may be obtained from personal accounts and loans not secured by the subject property.
- Application must be made within 6 months of the closing date.
