Cash offer mortgages

Does anyone know what the deal is with mortgage companies offering a all cash option for buyers?

I was filling out a pre-approval and was asked if I would like to use their cash offer option. It seems as they buy the house in cash and then turn around and sell it to the buyer using a mortgage.

This seems like it makes it easier to win a bid on a home, but is it more costly?

submitted by /u/elaMnaD
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Does anyone know what the deal is with mortgage companies offering a all cash option for buyers? I was filling out a pre-approval and was asked if I would like to use their cash offer option. It seems as they buy the house in cash and then turn around and sell it to the buyer using a mortgage. This seems like it makes it easier to win a bid on a home, but is it more costly? submitted by /u/elaMnaD [link] [comments]

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