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Buying or Selling Soon? These Programs Can Help Your Listing or Offer Earn an Extra Edge

2021 has been the year of many significant changes, and buying or selling a new home is no exception. While many buyers or sellers are choosing to take the leap, purchasing a home in this market comes with its fair share of challenges.

The good news is that the bidding wars we saw in the first half of 2021 have begun to taper, and interest rates are still at historic lows, making your next home purchase more affordable. However, with the limited supply in a competitive homebuying market, preparing for all the obstacles you may face is crucial.

That’s why we are introducing two valuable home seller and buyer programs from our Partners at Towne Mortgage of The Carolinas: The Equity Edge and the Listing Edge.

The Equity Edge Program

The Equity Edge Program is a loan program designed to give homebuyers an extra edge on their offer. It is specifically for sellers looking to utilize the equity in their existing house to secure a down payment on their future home.

If you’re looking to buy a new home without first having to sell your current home- then the Equity Edge program could be right for you.

The Equity Edge may allow you to pull equity from your current home to make a down payment on a new home before you list your current house to sell. This will enable you to have a more competitive offer on your new home since it will not be contingent on selling your existing home, something that sellers would rather not have to wait around for.

The Equity Edge Program also makes moving from one home to the other less burdensome because you don’t need to move in and out on the same day.

To qualify for the Equity Edge Program, you must carry all three payments; current first mortgage estimated HELOC and potential new property payment in addition to meeting other eligibility and loan program requirements. Additional program guidelines apply as well.

We all know the market is competitive right now, so it may be in your best interest to do everything in your power to make your offer more appealing. Contact us today to learn more about the benefits of this program. We’d be more than happy to put you in touch with a Loan Officer at Towne Mortgage of the Carolinas, who can provide you with a no-obligation consultation.

The Listing Edge

When selling your home, give your listing an extra edge with the Towne Mortgage of the Carolinas’ Listing Edge Program.

With the Listing Edge, the buyer of your home may be eligible to receive up to a $1,000 lender credit*, contingent on Towne Mortgage of the Carolinas originating the buyer’s mortgage loan. This lender credit might make your listing more appealing to potential buyers.

Should you also decide to use Towne Mortgage of the Carolinas to originate a mortgage loan, and the transaction closes, you will also be eligible for that same lender credit.
Contact us to see how you can enroll in this program when selling your home!

Lender credit is determined by up to .5% of the loan amount or $1,000, whichever is less. The program is subject to change and cannot be combined with any other offers. Available through 5/31/22.

Towne Mortgage of the Carolinas NMLS# 214800. This is not a commitment to lend.

For more information on Towne Mortgage of the Carolinas, visit

The Jim Allen Group provides access to information on this blog/website as a public service for educational purposes only. Although reasonable efforts have been made to ensure that all of the information made available is current, accurate, and complete…[read more]

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