Imaging being able to lock in your interest rate today for the next 30 years. However, in year one - your rate will be 2% lower. In year two, your rate will be 1% percent lower and by year three it adjusts upwards to the original rate when you purchased your home.
A 2-1 buydown is great tool to use to help ease a homebuyer into today’s housing market. It’s also a great incentive for a seller to offer a buyer as a reason to buyer their house. There’s nothing new about a 2-1 buydown, what’s new is it’s usefulness in todays market. Homebuyers, realtors, LOs and home sellers will all benefit from this episode.
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Mortgage News | Ep. 432
The Power of Industry Knowledge | Insights from HousingWire CEO Clayton Collins | Ep. 431
The Future of Finance: A Live Q&A with UCF Business Students | Ep. 430
When Is the Right Time to Buy a Home? | Ep. 429
AI, Fintech, and the Next Generation of Leaders: Insights from UCF's Dean of the College of Business | Ep. 428
3 Steps to Building a Successful Sales Team | Ep. 427
The Power of Renovation Loans | Ep. 426
How to Generate Leads on TikTok | Ep. 425
5 Tactics to THRIVE in a Post-NAR Settlement Era | Ep. 424
NAR Settlement Aftermath: Opportunities and Obstacles | Ep. 423
Starting a Successful Mortgage Brokerage | Ep. 422
20-Years of Mortgage Lending Lessons | Ep. 421
House Flipping for Beginners | Ep. 420
Biden's Tax Credit for Homebuyers, Explained. | Ep. 419
How To Sell To The Next-Generation | Ep. 418
The Power Of Authenticity In Sales | Ep. 417
5 Reasons Why Loan Officers FAIL | Ep. 416
The Housing Market WILL CRASH in 2040 - Here's What You MUST Know! | Ep. 415
The #1 REASON Your Sales Are Falling Short! | Ep. 414
Chaos to Cash: Turning Disruption Into Your Next Big Opportunity | Ep. 413
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