Princeton Mortgage Offers Cash Offer Assistance!
- Princeton Mortgage
- Jul 21, 2022
- 2 min read
Ewing, NJ | July 21st 2022
Princeton Mortgage, a Mortgage Lender, based out of Ewing, New Jersey, has formed a relationship with Own Up Power Buyer Services, LLC of Boston, Massachusetts. The goal is to provide borrowers and realtors with Own Up’s Power Buyer, a cash offer resource meant to help them gain an edge in a competitive market.
As prices and interest rates have continued to go up, it is becoming more challenging to compete against all-cash offers. Power Buyer allows qualifying borrowers to make a cash offer, even without having the cash on hand.
Designed with borrowers in mind, the program gives a competitive advantage while providing the #effortless mortgage experience Princeton is known for. The borrower obtains a pre-approval from Princeton Mortgage to learn the max offer they will qualify for. While the borrower finds the property they wish to purchase, Power Buyer works with Princeton Mortgage to determine the max Power Offer price they will support for the property. The borrower and agent can elect to make an all-cash offer and waive financing and appraisal contingency up to the max Power Offer price.
If the offer is accepted, the borrower pursues standard financing. As long as financing is secured on the closing date with Princeton Mortgage, the borrower will pay a Power Buyer fee of 1%. However, if the financing is secured with a lender other than Princeton Mortgage, the fee will be 2% of the purchase price.
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About Princeton Mortgage
Founded in 1983, Princeton Mortgage is a licensed mortgage banker backed by a 100+-year-old multi-faceted real estate brokerage, investment, and insurance company.
We are positioned as a well-capitalized banker, ranked in the top 1% for customer satisfaction in the nation, debt-free, and creating dynamic new opportunities within our industry. Our mission is to help people thrive, and we do that by delivering The Effortless Mortgage™.
We do what we say we're going to do and back it up with The Princeton Promise: if you are unhappy with your experience for any reason, get $1,000 back. No strings attached.
This is a fantastic initiative by Princeton Mortgage! In today’s fast-moving real estate market If you're as intrigued as I am about solutions blog, I highly recommend checking out my latest blog post. Achieving sustainability in today’s fast-paced, resource-intensive global economy is not just a corporate responsibility—it’s a strategic necessity, and it begins with smarter systems like enterprise resource management system, progressive carbon offset strategies, and a commitment to net zero emissions by 2050. Organizations across industries are undergoing a paradigm shift as they realize that operational efficiency, environmental accountability, and long-term resilience are not opposing goals—they're interconnected paths to enduring success. The transformation often starts with the backbone of any large-scale operation: a robust enterprise resource management system (ERP or…