Juicy Estates: Mortgage Blog

No Title Seasoning – Cash Buyer Advantage

With the influx of foreign buyers and the dramatic increase of cash transactions in the South Florida real estate market the lack of a title seasoning requirement by some portfolio lenders is an advantage to well heeled buyers.  In short most lenders require that a property be owned for at least 6 months before they will allow a cash out refinance.  Some banks do not have a title seasoning or length of ownership requirement for their portfolio loan products which means that if a buyer pays cash for a property they can obtain a mortgage right away for 50, 60 or even 75% of the value of the home.

The ability to provide a cash buyer with 50-75% of the purchase price back in the form of a “technical refinance” is a great way for Realtors to add value.  Many cash buyers are not aware that they can get a significant portion of their funds out of the property at great rates so that the moneis can be deployed in other investment vehicles or even to buy more property.

If you have any questions on how a “no title seasoning” refinance works feel free to call or write.

This entry was posted on Wednesday, May 18th, 2011 at 9:15 am and is filed under Home, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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