Writing the Offer - Financial Considerations

It is standard practice to make a purchase offer contingent upon obtaining a mortgage. Because of this contingency, the seller will want the details of your financing plan included in the offer.

Down Payment
In the purchase offer, we will include the down payment amount you will apply toward the purchase. This will give the seller further evidence of your qualifications to secure a mortgage.

Interest Rate
Within the purchase offer, we will provide a safeguard against any dramatic change in interest rates between when the offer is made and when the loan is closed. The offer will not only be contingent upon qualifying for a mortgage, it will also be contingent upon an interest rate within a certain range.

Shopping for Interest Rates >

Seller Assistance
If the house you select is at the top-end of your budget range, we may want to include a request for seller assistance to pay a portion of the closing costs traditionally paid by the buyer or to help "buy-down" your interest rate. Other seller assistance may include having the seller "carry back" a second mortgage to cover your down payment or even 100% seller financing.

With any of these seller assistance options, you can expect to pay a higher purchase price than if you had handled the financing through a traditional mortgage lender.

Areas served: Orangetown real estate, Clarkstown real estate, Nyack real estate, Ramapo real estate, Havestraw real estate, Stony Point real estate, Tapan real estate, South Nyack real estate, Upper Nyack real estate, Piermont real estate,Grandview real estate,Upper Grandview real estate,Sarkill real estate, West Nyack real estate, Blauvelt real estate, Orangeburg real estate,  Palisades real estate, Pearl River real estate, Nanuet real estate, Bardonia real estate, New City real estate, Congers real estate, Valley Cottage real estate, New Hempstead real estate, Hillcrest real estate, Spring Valley real estate, Chestnut Ridge real estate, Airmont real estate, Monsey real estate, Wesley Hills real estate, Pomona real estate, Montebello real estate, Suffern real estate, Tallman real estate, Sloatsburg real estate, , Havestraw real estate, Garnerville real estate, Theills real estate, West Havestraw real estate, Stony Point real estate, Tompkins Cove real estate and lower Orange County real estate, Rockland County real estate,  Orange county real estate, Rockland County MLS (Multiple Listing Service) and Orange county MLS

 


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