Cash mortgage lenders. What is your experience/advice?

[Michael Menchaca]

My fiancée and I have been trying to roll our first home purchase and real estate purchase into one by house hacking since 2018. We have been unsuccessful using conventional mortgages and found ourselves in an increasingly competitive market that priced us out and forced us to take a rather long break for the past couple years. Now that the tides seem to be turning in the housing market, I have recently learned that there are companies like Flyhomes, HomeLight, and Zigzy that allow you as the buyer to purchase a home all-cash and pay as a mortgage + fee(s) to that lending company. I'm skeptical and question how this differs from hard money lenders. I'm also seeking enlightenment on whether or not this would be a good option to stay competitive and if any of you have had experience using companies like the ones named above.

Here is the article I read when I was researching the topic.

https://www.realtor.com/news/t...