fair… i still stand behind that point too. i just don’t think rent seeker mortgage originator should be making that call since neither them or investor carries the risk, FHA and VA loans are backed by Daddy Sam, so why are they not front ending it?
Most sellers will take anything else before VA or FHA loans and most buying agents will try to get you away from them. Most sellers will also take cash over a loan, often even if the loan is a higher amount. I’m assuming a tight market like exist in most big US cities; reasonably priced houses go very quickly still in many places.
I don’t know why the real estate conventional wisdom goes against the loan; it really frustrates me and limits accessibility.
fair… i still stand behind that point too. i just don’t think rent seeker mortgage originator should be making that call since neither them or investor carries the risk, FHA and VA loans are backed by Daddy Sam, so why are they not front ending it?
Most sellers will take anything else before VA or FHA loans and most buying agents will try to get you away from them. Most sellers will also take cash over a loan, often even if the loan is a higher amount. I’m assuming a tight market like exist in most big US cities; reasonably priced houses go very quickly still in many places.
I don’t know why the real estate conventional wisdom goes against the loan; it really frustrates me and limits accessibility.
Cash buyer always asks for that discount though, u should know that ;)