Let's walk through how you can actually buy down your interest rate! You can save hundreds, if not thousands of dollars by buying down your interest rate. But, there are some limitations to how much seller concessions you can receive, based on your loan and down payment. Let's also walk through the numbers of buying down your interest rate.
Today we're talking about a permanent buy down or really even any kind of seller concession and a limitation on the amount that you can get in order to buy that rate down. For conventional loans, whether you're buying it as a primary home or a second home, we're going talk about investments. With a primary home or second home, it depends on how much money you're putting down. So when you are putting down less, you can get less of a seller credit to help give you that rate. Buy down advantage. Let's talk through some of those numbers.
Listen to this 5 minute episode of The Double Comma Club, "Can I Buy Down My Interest Rate?"
----more----
Connect on social media:
Follow me on FB: https://www.facebook.com/theruethteam/
Twitter: https://twitter.com/nicolerueth
LinkedIn: https://www.linkedin.com/company/theruethteam
YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw
Using ADU Rent to Qualify for More home
Transferring Wealth Through Real Estate
Purchasing a Home in High Inflationary Times
DMAR June 2022 - Is the housing frenzy over?
A Window of Opportunity for in Today’s Market
Interest Rates Dropped Going Into Memorial Weekend
Agents and Homebuyers - The Benefits of Choosing Your Own Mortgage Team
4 Reasons Higher Interest Rates Benefit Buyers
Should You Get an Adjustable Rate Mortgage?
Tips and Strategies to Get Under Contract.
Four Reasons a Recession Will Benefit You
What does it mean if the housing market is slowing?
Know Your Definition of Success
Appreciation is dropping, will home values follow?
Interest Rates are Increasing, is a Recession Looming?
Holding Out for the Must-Haves in Your Next Home
Reverse Mortgages Used as a Smart Financial Strategy - not the loan of last resort from the past
What is the difference between FHA and conventional loans?
6 Reasons Why Home Prices are Increasing
What Happens After You Leave the Closing Table?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast