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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Episode 392: 5 Ways to Expand Into New Markets
Episode 391: Unicorn in Heels: Mastering Fintech, Motherhood, and Marriage with Suneera Madhani
Episode 390: 3 Ways To Increase Your Personal Income
Episode 389: Understanding Bank Statement Loans
Episode 388: How Successful People Prepare for The New Year
Episode 387: Understanding The Business of Entertainment
Episode 386: How Will AI Impact the Mortgage Industry?
Episode 385: Timeless Business and Career Advice
Episode 384: 5 Ways to Survive The Holidays Without Going Broke
Episode 383: The Loan Officer’s Formula for Success
Episode 382: Understanding The NAR Commission Lawsuit
Episode 381: D.O. Answers Listener Questions
Episode 380: What Do Boy Bands, Becoming a Realtor and House Hacking Have In Common?
Episode 379: 2024 Market Predictions For Mortgage and Housing
Episode 378: Business Lessons Learned From a Millennial CEO
Episode 377: What’s The Latest In Housing?
Episode 376: How Politics Impact Housing and Home Loans
Episode 375: 3 Ways Your Parents Lied to You
Episode 374: Prepare for the Hard Landing
Episode 373: What It Means To Work ’On’ Your Business vs ’In’ Your Business
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