Lower rolls out cash-down program
Lower rolls out cash-down program
Abstract
Lower has joined the ranks of lenders offering a cash-offer option for home buyers in need of financing. The company announced the introduction of Mortgage Pass, intended to serve pre-approved borrowers in their attempts to land a home. Lower would then make an all-cash bid to a seller on behalf of the borrower once a property is found as its client closes and transfer the property. The program comes with an extended rate- lock period if needed.
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