There’s a common misconception out there that buying a home with cash is always a faster and easier option than financing. If you have the funds to buy a home in cash (congrats on that saving, by the way), financing might actually be a better option. Financing your purchase with a qualified lender offers homebuyers a host of unique advantages that cash buyers just can’t enjoy. If you’re weighing your cash vs. financing options, consider the following:
Buying a home can be a high stress time and it feels even more stressful when you don’t understand the lingo being tossed around. From abbreviated words in listings to acronyms used by real estate agents and loan officers, sometimes it can feel like everyone is speaking a different language. Knowing these acronyms will keep you on the same page as everyone you are working with.
If you’ve been searching for your dream home, there’s nothing like the relief of finally being under contract. That’s something to celebrate. But now that you’re under contract, what should you expect? Your main task now is to work through the contingencies in the contract.