Interest Rate Buydowns: The BEST Tool to Get The Lowest Rate!
Wouldn't it be nice to have an interest rate BELOW 3%? The recent fed rate cut made it possible to obtain an interest rate in the 2's. But this will require negotiating on your part.
In this video I'll show you how to use the number one homebuyer tool to get the lowest possible rate!
Refinancing breakdown: • REFINANCE NOW OR WAIT? - Refinancing ...
Seller concession cheat sheet: • What Are Seller Credits? - Seller Con...
Topics Covered:
1. What are rate buydowns?
2. What are the types of temporary rate buydowns?
3. Costs and Savings of a rate buydown
4. When does it make sense to get a rate buydown?
5. Temporary vs. Permanent rate buydowns
00:00 Introduction
01:09 What are Temporary Buydowns?
01:37 Types of Temporary Buydowns
02:37 Buydown Costs
03:11 Savings from Buydowns
03:40 When Temporary Rate Buydowns Make Sense
05:00 Temporary vs. Permanent Rate Buydown
06:04 Real-Life Scenarios | 2-1 Buydown
07:53 Real Life Scenarios | 3-2-1 Buydown
#interestrate #buydown #mortgage #mortgagetips #homebuyers #homebuying
