Anonymous wrote:

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

Why would you do that? I would think you wouldn't get s great APR doing it like that.

Why do you think we did it? We did it in a hot market to stand out to the seller, and it worked. We got the place for below asking price, then got a mortgage at the same rate we would have gotten otherwise. If you do it right away, a lender will treat the loan as a purchase loan, not a refinance.

Duh.

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

Why would you do that? I would think you wouldn't get s great APR doing it like that.

Doesn't seem abnormal to me.

We bought our current home in cash, 10 years ago. We would honestly not have qualified for a mortgage at reasonable rates because our AGI was low (have a business with associated tax advantages), although our net worth at the time was about 15x what we paid for the house.

Anonymous wrote:

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

How? Never heard that. Ever.

We bought the house with cash and the day after closing applied for a mortgage. It’s not complicated.

Anonymous wrote:

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

How? Never heard that. Ever.

Welcome to the world. This is a well known approach that’s pretty common.

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

How? Never heard that. Ever.

i know multiple peers (i'm in my 40s) where the parents have paid all cash and then the 40 something yr old family pays parent back at lower interest rate than current mortgage rates

Least surprising thing I’ve seen on here. Would love to see this data for the close-in desirable suburbs too.

Anonymous wrote:Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

Yep. Am sure many of the high end sales are structured like this. All cash to close the deal quickly then get a mortgage. If it's a desirable property you do really need to show all cash to be taken seriously as it tells the buyer you have the funds in place to close the deal.

We're in Bethesda, and the next time we buy a home, we will be cash buyers. The first time we had a 15 year, low-rate mortgage. With interest rates that aren't super low today, it doesn't make sense to me to pay interest when I have the cash and I'm not entirely sure I can invest the difference and do better in the stock market. Whereas for my earlier mortgage, I ended up doing better in the stock market than I paid in interest.

Many all cash purchases end up getting mortgaged immediately after closing. That's what we did.

We are buying (trying to buy) in CT and have lost a few offers to people willing to pay all cash. I’m not surprised the same is happening in DC. In fact the guy buying our current home in a different state is paying all cash!

The rich get richer. This is what young people are up against and have been for a long time. All cash. All the time.

https://dc.urbanturf.com/articles/blog/1_in_4_dc_homebuyers_paying_all_cash_in_2026/24712?utm_source=newsletter&utm_medium=keep_reading_link&utm_campaign=Tuesday+June+9th%2C+2026&omhide=true

The all-cash neighborhoods in DC are largely some of the priciest, with three of the top five coming in neighborhoods where the median home price exceeds $1 million.

Below is a sampling of DC neighborhoods and the percentage of all-cash transactions so far this year:

Georgetown -- 65%
West End -- 55%
Spring Valley -- 40%