#mortgage-buydown

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fromRedfin | Real Estate Tips for Home Buying, Selling & More
2 weeks ago

What is a Mortgage Buydown? Lower Your Interest Rates with this Strategy

Permanent vs. temporary buydowns A mortgage buydown can take place over a set period of time or the duration of the loan. Permanent mortgage buydown With this option, you'll buy a lower rate for the entirety of the loan term at closing from your lender through discount points. Unlike a temporary mortgage buydown, the rate will never increase. Temporary mortgage buydown With this arrangement, your mortgage interest rates will be reduced for a period of time before returning to the standard amount.
Real estate
Real estate
fromBusiness Insider
4 months ago

Desperate sellers are slashing prices and offering perks. Here are 4 deals home buyers can ask for.

Buyers have increasing negotiating power as excess inventory leads sellers and builders to cut prices and offer concessions such as repairs, rate buydowns, or incentives.
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