Homeownership is considered the tenets of middle-class America, yet as home prices continue to skyrocket in most cities owning a home is becoming less certain for future generations. My idea for a startup is to front all-cash offers on behalf of clients so that they can own their own homes. The service would front all the cash and take a 1-3% commission depending on the buyer's credit. This service would arrange a financing plan to pay back the cash either directly via interest-free monthly payments or through a third-party financier. The lending amount would be capped at 5 times the person's yearly income so as to hopefully avoid unsustainable purchases that lead to foreclosures. Home sellers will usually accept a lower all-cash offer than a higher mortgage-backed offer because it means its more likely that the deal will go through. In short the benefit of using this service would be with consumers because "all-cash" offers lead to savings on the home they wish to purchase and a flat commission fee is much cheaper in the long run than paying compounding interest over 30 or so years, as one would do with a traditional mortgage.

Idk just an idea I had, any feedback would be appreciated.