06/17/2022
Happy Friday friends & family! Just wanted to hop on here and give some valuable information to any prospective homebuyers and realtors looking to inform some options to clients and the benefit a temporary rate buydown may bring to sellers + buyers in this current market.
Here are a few additional tips to help mitigate the increase in rates.
- A temporary buydown ( a seller-funded interest rate buydown ) Flyer going over this product down below.
- Discount points! A discretionary cost that a buyer can pay as part of closing costs in an exchange for a discounted fixed interest rate.
- Is an Adjustable rate mortgage an appropriate loan option? I always ask my clients how long they plan to reside in the property and what their goals are. Depending on the response and what makes financially the most sense I offer an Adjustable rate mortgage. There is loan programs that have 5,7, & 10 year initial fixed rates that may be lower than a 30 year fixed rate.
- Another great option to consider is putting less down on a house to pay off additional debts to account for a higher mortgage payment.
Last but not least, when you’re ready to buy.. buy!
Purchasing a home is the best way to hedge against inflation and rising rents.
As always contact me for all of your home purchasing needs and questions, I am here for you. (253) 273-4690
[email protected]
MLO | 2083661
Click the link below to schedule a consultation with me or apply now!
https://konect.social/sierra-webb
