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
DMAR Feb 2022 - Will Mortgage Rates Break 4% in 2022?
Lending: Reverse Mortgage Style
When should you back out of a deal?
Give Your Buyers an Edge in a Competitive Market
The Advantages to Renting
She Started a Business with the Equity in Her Homes
Increasing Your Dollar Per Hour #TNBTCO
Leveraging Real Estate to Build Your Investment Empire
What is a lender letter and why do you need it?
Loan Documents Explained
Plan your estate so you aren‘t the juicy bar story some attorney tells
Short Term Rentals Made Logical and Lucrative
What it Takes to Purchase a Home
The Next Big Thing - Rueth, Kruger, Soto, Alba, Veden January 20 - 21 2022
DMAR Nov 2021 - The Market Is Slowing. So Why Are You Exhausted?
Maximizing Your Investment Properties - the Bedroom to Bathroom to Square Footage Ratio
The Next Big Thing - A Real Estate Experience January 20 - 21 2022
How to Buy and Sell Your Home at the Same Time
The Cost of Waiting in Real Estate
How can you capitalize on Real Estate to Help Pay for College
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