Lender Challenges Borrowers to Take the 14-Day Challenge!
- posted 5.7.2018
- Taylir Paynter
- Mortgage News
If you’re running up against multiple offers from well-qualified and all-cash buyers, the last thing you want in your offer is a 30-to-60-day escrow. Your offer in today’s fast-moving market simply won’t be relevant. Worse, it could be dead on arrival!
With the lack of inventory in many markets, cash buyers and investors in every market need to make a solid quick-closing offer that is really going to get the seller’s attention – something bold, something pro-active, something that signals just how serious you and your offer are.
There are two things that can help you stand out amongst the multiple offers a seller may see. One is to make sure you have a fully underwritten preapproval letter for your home loan and second, is to make sure you can close on that home fast. New American Funding can help you with both.
New American Funding’s fully underwritten preapproval is as good as cash and our 14 Business Day Close Guarantee* is unique to the market. It’s as straightforward as its name. The company guarantees that it will close your purchase loan in 14 days or less. For most home buyers these two things could be the difference in your offer getting accepted or not.
As you know, and as your Real Estate Agent will confirm, real estate transactions involve many moving parts and at times a mind-numbing array of conditions and contingencies, so whatever you can do to insert more certainty and control into the buying process will move your offer to the front of the line.
That’s exactly what the 14 Business Day Close Guarantee* has been designed to do. It makes a strong purchase offer even stronger. It signals to the seller that you’ve been vetted and have had all your income, assets and debts verified. It says that you have a lender who stands so solidly and strongly behind you that it will guarantee to close your loan fast.
Ultimately, the 14 Business Day Close Guarantee* is a stress-buster. With your preapproval and 14 Business Day Close Guarantee* in hand, you can get the home you want and start concentrating on all the wonderful things a new home will bring. From decorating, to house parties, playing with the kids, bringing home that new puppy or simply relaxing in your own space. You can do it all!
Homeowners across America have purchased their dream homes in 14 business days or less and you can too. If you’re in the market for a new home, get your preapproval from New American Funding and increase your chances of winning that home.
Get preapproved today, start shopping tonight.
*14 business day guarantee only applies to purchase transactions. This guarantee does not apply to Reverse Mortgages, FHA 203k, VA, Bond, MCC, loans that require prior approval from an investor, or brokered loans. The guarantee does not apply if events occur beyond the control of New American Funding, including but not limited to; appraised value, escrow or title delays, 2nd lien holder approval, short sale approval, or lender conditions that cannot be met by any party. The 14 business day trigger begins when the borrower’s initial application package is complete and the borrower has authorized credit card payment for the appraisal. If New American Funding fails to perform otherwise, a credit of $250 will be applied toward closing costs.