Are you looking for a way to lower your monthly mortgage payment with with no money out of your pocket? Have you considered having the seller pay for a mortgage rate buydown? Have you consider an adjustable rate mortgage? What if you combined an interest rate buydown with an adjustable rate mortgage to lower your monthly payment? In this video, we go over a strategy that can benefit both you as a homebuyer and the seller that will not only offer you a lower monthly but also possibly benefit the seller by putting more money into their pocket.
⏩Watch this NEXT ⏩ – ARM Loan – https://youtu.be/ay–IXBPfHU
✅ – Get a Referral to a Mortgage Lender or Realtor – http://www.jebsmith.net/referral
🏠 – First Time Home Buyer Course – http://www.becominghomewise.com
What is an interest rate buydown? A mortgage rate buydown, which is often called a “buydown mortgage” for short, is a financing arrangement that gives a borrower a lower rate for a certain number of years or for the life of the loan. The borrower pays mortgage points at closing to cover the difference between the standard rate and the lowered rate.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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