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all-cash is standard lingo that means the buyer isn't taking a loan, which is what the majority of buyers do in a "normal" market the whole article is about ho
by kbar13 2y ago
all-cash is standard lingo that means the buyer isn't taking a loan, which is what the majority of buyers do in a "normal" market
the whole article is about how the high interest rates aren't having the effect the fed wants on buyers bc buyers don't have a mortgage payment if they just have the cash available
- mangosteenjuice 2y agoThis isn't true. There are lenders that will loan you money in a way that qualifies your offer as all-cash, even though you are still borrowing money with interest. I think the distinction is based on whether or not the borrowed money comes from a traditional mortgage.