My name is Chris Berger and it’s time for a Berger Point.
You know, recently I worked with a client who was looking at a million dollar home and very excited about to buy it.
However, suddenly it appeared that seller wanted all cash and that’s the only way they were going to sell it.
So my buyer was deeply disappointed.
However, we talked about it and I said, you know, there are people today, companies that offer quick cash and it’s called a hard money lender.
And usually the interest rates are reasonable.
And so she researched it and found out that, yes, indeed, she would qualify for hard money lender.
Now, how do you qualify?
Well, basically good credit.
You have to have good credit anyway if you’re going to get a mortgage.
But the most important thing is that with a hard money lender, they can close within 30 days.
And what’s nice too is that you can go and after reading the fine print, and of course have your attorney look it over, you can convert that to a conventional mortgage, usually within a year or two.
So it’s nothing but a win-win situation.
My client was happy because they were able to buy the house, whereas previously they thought they couldn’t.
And that’s my point. ***
Well, today I’m wearing my man in black hat, Johnny Cash.
And I only wish I got to see him in person before he passed away.
However, his daughter, Roseanne Cash, continues to perform herself, and she has a magnificent voice.
Have a great day, everybody.
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I'm Chris Berger and I'm sharing my 40+ years of experience as an NY & FL realtor, in home renovation & property management. Yankees fan. Concert goer. Dog lover. Granddad.
Get Your 1st Time Buyers Guide FREE at https://bergerpoints.com
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