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 332: Who Or What Is Fannie Mae and Freddie Mac?
Episode 331: How To Stay Motivated In A Down Market
Episode 330: 5 Ways To Make Millions In Real Estate
Episode 329: What It Takes To Be In The Top 1%
Episode 328: Why 400 Mortgage Bankers Marched On Capitol Hill
Episode 327: The Truth Behind Biden Mortgage Cost Increases
Episode 326: How to Pass The NMLS Safe Test
Episode 325: Understanding Today’s Homebuyer
Episode 324: Career Advice for College Students Live from UCF
Episode 323: How To Build an Airbnb Empire
Episode 322: Chat GPT and Artificial Intelligence
Episode 321: How To Become A Real Estate Investor
Episode 320: The Truth Behind Reverse Mortgages
Episode 319: Here’s What’s Poppin’
Episode 318: Life Lessons From A Hollywood Actor
Episode 317: Is Loan Officer Compensation on the Chopping Block
Episode 316: Tax Season, The Mortgage Industry & You
Episode 315: Why Do Banks Collapse?
Episode 314: How to Become Mega Producer
Episode 313: Money Management for Sales Professionals
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