Pros and Cons of Buying Down Interest Rate
Are you tired of seeing your dream of owning a home slip away because of high interest rates? You’re not alone!
That’s why I made a video about interest rate buy-downs, a powerful tool that can help you lower your mortgage interest rate and save money on your monthly payments. Here I explain what interest rate buy-downs are, their pros and cons, and give you practical tips to help you decide if they’re a good fit for you.
Do you have experience with interest rate buy-downs? Share your tips and stories in the comments below!
And don’t forget to hit the share button to help your friends and family learn about this valuable home-buying strategy.
Before you start your journey to find your dream home, download my free “House Hunting Checklist,” https://undividedre.com/checklist.
It’s a quick and simple way to pinpoint your ideal home and keeps everything handy in one spot so you can stay focused on the prize.
Tags: #InterestRateBuyDown #HomeBuyingTips #SaveMoney #ShareTheKnowledge #BuyingDownInterestRate #buydown #interestrate #mortgage #NewYork #nyc #NewYorkCity #nycliving #cityliving #nycagent #condo #townhouse #apartment #condominium #luxuryliving #realestateagent #nycrealestate
This video is for entertainment purposes only. Always consult a licensed professional before engaging in any transactions.
Chapters
00:28 What is a rate buydown?
00:49 The pros of a rate buydown
01:01 The cons of a rate buydown
01:21 Get a temporary buydown
01:51 Get a permanent buydown
02:09 Negotiate the seller to buy down the rate
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Meet Micky, a top New York City real estate agent on a relentless journey to educate and advise buyers and sellers on how to turn their dreams into an NYC address. He leads team Undivided on a mission to curate the most coveted luxury condominiums and co-ops, eco-friendly buildings, and modern homes in Manhattan and Brooklyn.
With his expert knowledge of the city and its negotiating nuances, and also as a real estate investor himself, Mukul “Micky” Lalchandani is incessantly focused on how to maximize the investment potential of each opportunity at hand, to maximize value for himself and his clients.
He invites you to join him on this journey to simplify the complexities of buying and selling real estate in New York City. What are the questions you need answered? Let him know below!
