Elements · Financing certainty
Establish the financial foundation.
Give your team a clear picture of what you can finance and what funds you can use. These are three parts of a stronger offer’s financial foundation.
- Financing certaintyReview the loan, funds and known conditions before relying on the plan.
- A documented preapprovalBack the approval with reviewed financial information, and confirm its scope and remaining conditions for this property.
- Less home-sale dependency, where possibleResolve the reason you need to sell first—equity, qualification or both—before discussing offer terms.
Build flexibility before you need it.
Tony can evaluate whether a higher loan-to-value option could help if the appraisal is low. That may change the payment, pricing, cash required or mortgage insurance; it must be reviewed for your situation.