HIDDEN KEYS TO A SMALLER MORTGAGE PAYMENT
Use Seller Concessions to get a temporary rate buydown
Did you know that seller concessions can mean a smaller mortgage payment for your buyers? They can use them toward a temporary rate buydown to lower their interest rate at the beginning of their loan, which could offer significant savings.
With a 2-1 temporary buydown, your buyer’s interest rate would be reduced by 2% the first year of the loan, and 1% for the second. The best part? The buydown is covered by the seller – That means more money in your buyer’s pocket for savings, repairs and more.
Let me help your Buyers get the extra flexibility they need. Call today!