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 372: This Will Be The Last Buyer’s Market
Episode 371: How To Make Money By Moving
Episode 370: A Lesson In Mortgage Rates and The Bond Market
Episode 369: Mortgage Refinances Are Up, Should We Be Alarmed?
Episode 368: Live From NAMMBA: DO & JC Take MLO Questions
Episode 367: Why Realtors Are Being Sued
Episode 366: Should You Purchase Leads?
Episode 365: How To Create More Housing Inventory
Episode 364: The Career You Desire Isn’t On Indeed
Episode 363: Is Now The Right Time To Sell My Investment Property?
Episode 362: Who Is The CFPB and What Are They Doing To Mortgage Lenders?
Episode 361: The Truth About Working In The Mortgage Industry
Episode 360: What It Means to Be a Modern Mortgage Professional
Episode 359: How To Increase Sales With Emotional Selling
Episode 358: Why “The Great Reset” Is Your Second Chance
Episode 357: An Interview with Dave Savage: Co-Founder of Mortgage Coach
Episode 356: How to Use Personality Profiling To Sell
Episode 355: Secrets To Launching Your Own Mortgage Brokerage
Episode 354: How To Become A Top Producing Mortgage Broker
Episode 353: How Recent Banking Disruptions Will Impact Housing
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