Quad Cities mortgage broker John Cornish of Key Mortgage Group (563-214-1539) has launched a support program to help Rock Island homebuyers plan for contingent offers and adjust their purchase financing strategy.
-- John Cornish announced the program in a new video, observing an uptick in the number of homebuyers who want to buy a new house without selling their existing home. Depending on the buyer's financial situation, John and his team recommend carefully using multiple financial instruments to strengthen an offer on a new home.
For more information about mortgage financing support, visit https://www.qchomeloan.com/
Federal Reserve policy expectations, market uncertainties associated with new tariffs, and a 10% increase in home listings since last year led more Quad Cities homeowners to adopt a conservative approach to purchase transactions. John Cornish and his team recommend using real estate bridge loans, bridge HELOCs, and a mortgage recast program to achieve homeownership without the stress of having to coordinate simultaneous buying and selling.
In competitive housing markets like Rock Island and the Quad Cities, non-contingent offers indicate strong buyer commitment and consequently, have an advantage over contingent offers. Contingent offers—especially those based on pending mortgage approvals, home inspection results, or appraisal gaps—may have more extended closing periods.
John and his team at Key Mortgage Group help buyers use independent or HELOC bridge financing to make a non-contingent offer on a home. Once the offer is accepted and the buyers move into their new home, the team recommends using a mortgage recast to pay down the principal balance on their new home from the proceeds of the sale of the older property. Closing costs on recasts are lower than for bridge loans, and recasts result in significantly lower monthly payments.
As an experienced Quad Cities mortgage lender and refinancing broker, John Cornish works with first-time homebuyers and long-term investors, building purchase and refinancing strategies that save money and result in faster closings. A Davenport resident with close ties to the local community, John has achieved over 2,300 people achieve homeownership. He is an alumnus of St. Ambrose University in Davenport and is on the Board of Directors of Children's Cancer Connection, a nonprofit supporting children with cancer.
"If you're in the market to buy a house non-contingent and want to talk to somebody with experience who has executed many such transactions, reach out to us directly," he said.
For more information, visit https://www.qchomeloan.com/
Contact Info:
Name: John Cornish
Email: Send Email
Organization: John Cornish - Mortgage Lender
Address: 5189 Utica Ridge Rd. , Davenport, IA 52807, United States
Website: https://www.qchomeloan.com/
Source: NewsNetwork
Release ID: 89157367
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