{"id":306,"date":"2021-10-05T08:22:44","date_gmt":"2021-10-05T12:22:44","guid":{"rendered":"https:\/\/mnm.vandykmortgage.com\/?p=306"},"modified":"2021-10-05T08:22:44","modified_gmt":"2021-10-05T12:22:44","slug":"is-delayed-financing-right-for-you","status":"publish","type":"post","link":"https:\/\/mnm.vandykmortgage.com\/?p=306","title":{"rendered":"Is Delayed Financing Right for You?"},"content":{"rendered":"\n<p class=\"has-text-align-left\"><strong>What is Delayed Financing?<\/strong><br><\/p>\n\n\n\n<p>Delayed financing is when a buyer pays for their home upfront with cash, and then immediately obtains a mortgage after the home is purchased.<br><br><\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong>What are its advantages?<\/strong><br><\/p>\n\n\n\n<p>The biggest advantage of delayed financing is the power of paying cash. A cash offer provides buyers with a competitive edge and allows them to stand out in a seller\u2019s market, much like the one we find ourselves in today.<\/p>\n\n\n\n<p>This method allows the buyer to make an enticing all-cash offer, then immediately puts the money right back into their pockets with a cash-out refinance.<br><br><\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong>What are the restrictions?<\/strong><br><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The amount of the mortgage loan obtained cannot be greater than the amount of the purchase price, closing costs, prepaid fees, and points, combined.<\/li><li>Applicants must have proof of cash purchase.<\/li><li>Applicants must provide proof of the initial source of cash used for the purchase of the home.<\/li><li>Applicants cannot apply for delayed financing with a home they purchased from someone they have a personal relationship with.<\/li><li>If funds are provided from a third party, applicants must provide a gift letter.<\/li><li>If applicants were provided a gift fund for the purchase of the home, they cannot give the cash from the cash-out refinance back to the donor.<\/li><li>The property must be free from any liens.<br><br><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-center\">To learn more about delayed financing and if it is right for you \u2013 contact a VanDyk Loan Originator today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Delayed Financing? Delayed financing is when a buyer pays for their home upfront with cash, and then immediately obtains a mortgage after the home is purchased. What are its advantages? The biggest advantage of delayed financing is the power of paying cash. A cash offer provides buyers with a competitive edge and allows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[19,6,61,7,8,9,10,11,26,38,27,12,14,46,15,16,62],"class_list":["post-306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news-matters","tag-agent","tag-downpayment","tag-financing","tag-homebuyer","tag-homebuying","tag-homeloan","tag-homeowner","tag-homeseller","tag-homevalue","tag-loanofficer","tag-loanoriginator","tag-mortgage","tag-mortgageloan","tag-mortgageloanoriginator","tag-realestate","tag-realestateagent","tag-refinancing"],"_links":{"self":[{"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=306"}],"version-history":[{"count":0,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=\/wp\/v2\/media\/307"}],"wp:attachment":[{"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnm.vandykmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}