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
Why You Should Buy a House in Today’s Denver Market
Look at the 30-year mortgage rate history; today is the best day to buy.
IsThere a Housing Bubble and Will We See a Recession?
DMAR April 2022 - We need a recession.
Is there a housing bubble?
Why is Debt to Income Ratio Important When Buying a Home?
Rising Home Prices and Increased Interest Rates - Get in it now.
Gaining the Upper Hand to Be the Winning Offer
Interest Rates and Inflation Explained
What are mortgage points?
Ways first time home buyers can take advantage of small opportunities
Four home loan programs to consider - VA, FHA, Jumbo and Jumbo LLC
Is It Worth To Bid Over The Asking Price?
DMAR March 2022 - Real Estate is Globally Affected
Will Russia Affect Interest Rates?
5 Mistakes to Avoid Before Closing on Your Home
Real Estate Appraisal Hacks to Get Under Contract
Why Are Interest Rates Rising and Affecting Affordability?
When Does It Make Sense to Buy Down The Interest Rate?
With a HECM You Won’t Ever Make a Mortgage Payment Again
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast