10/06/2026
THIS is how you use seller concession in TODAYS HIGHER RATE MARKET 👏🏼🏡 REAL LIFE SCENARIO FROM TODAY!!!!!
My buyer negotiated seller concessions but instead of using all of that money toward closing costs he’s using a portion of it to make his mortgage payment more affordable with a 2-1 temporary buydown!
His rate will look like this:
✨ Year 1: 5.50%
✨ Year 2: 6.50%
✨ Year 3+: 7.50% fixed rate
Of course NO ONE knows exactly what mortgage rates will do. But the hope is that sometime within those first two years rates come down enough to refinance into a lower fixed rate BEFORE he ever reaches that 7.50%.
In today’s higher rate market there ARE still ways to get creative and make the numbers WORK for YOU!!!!!!
If your lender isn’t talking to you about temporary AND permanent rate buydowns… you might need a new lender. 😉
Good thing you already know your favorite one. 🙋🏻♀️
📲 Let’s talk options! 361-319-0909
Jennifer Escobedo | Mortgage Loan Officer
