Play it Right

#LoanOfficerForLife

I advise and prepare all home buyers for a fiscally sound purchase. The trending perception is this is a last chance market to buy a home. This perception, along with the past year has morphed into a high stakes home buying dynamic. It is a cash reserves, escalation money, table only. What is escalation money? It means the accepted purchase offer will match or exceed any higher offer up to a set dollar limit. One must also have an “ace” in the hole, identify a risk limit and be prepared to go all in. At this table, when one lays down the cards “aka purchase offer” the safety net clause; based on contingencies is removed to “sweeten the pot.” It is not for the faint of heart. 

So how does one begin? 401K plans have become a source for cash and may allow withdrawal specifically for the purchase of a home without tax or penalties. Get professional Financial Advisor assistance if choosing to utilize securities, investments or other eligible assets to ensure all long term impacts are fully understood and processed properly.

I explore and discuss all viable options in this market to help meet your goals. The reality is next year will come. There will be buying and selling homes, maybe not like it was yesterday and hopefully not like it is today. But what is consistent is I collaborate closely with you, your realtor and the lender so we always present a fiscally sound home buying purchase. #EasyMortgage #HomeOwnershipMatters