Fintech allows customers to make cash offers while working with their preferred real estate professional.
Columbus, Ohio, June 14, 2022 /PRNewswire/ — Amid a growing number of cash offering products, Lower.comthe multi-channel fintech aimed at creating wealth through home ownership, launches MortgagePassâ¢ to help clients secure their dream home with what she calls the ultimate cash offer, while still working with their favorite real estate professional.
“We recognize the immense value that real estate agents bring to this transaction. Too often clients are forced to walk away from their agents or pay additional fees to retain their agents to offer cash on a home. âsaid the co-founder and CEO Dan Snyder. “We want our customers to benefit from the expertise of their local agents while gaining the competitive advantage of offering cash, since almost a third of purchases are cash offers.”
Through this program, customers will be pre-approved for a mortgage through Lower.com. Then they can shop for a house and place an offer that is backed by cash. They will continue to finance as normal, and if this is delayed, Lower.com will buy the house in cash. Once financing is complete, Lower.com will sell the home to the buyer at the original purchase price.
Clients using MortgagePassâ¢ also have access to a simple app and technology platform, low fees, and the ability to choose their own loan term, in addition to their own agent. They will also have access to extended rate locks and if rates go down they will be lowered for free.
âProviding customers with a smooth experience with more certainty is our top priority. We want them to feel comfortable during the process and focus on finding the right home, not financing,â Snyder said. . âWe also want them to know that if the market changes they will always get the best deal and not miss out on lower rates.â
MortgagePassâ¢ launches in Columbus with plans for rapid expansion throughout 2022.
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Lower’s multi-channel fintech platform helps consumers create wealth through homeownership, no matter where they are in their life journey. Our mortgage, banking, insurance and real estate products provide customers with an intuitive ecosystem to simplify their homeownership goals, whether it’s their first or their last. Lower is a national and local Better Workplace and the naming rights partner of Lower.com Field, home of the Columbus Crew.
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