Real estate blog entries tagged with seller paid buydown by Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California (Pre-Approval, First Time Buyer, Fixed Rates)

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Home : Blogs : Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California : Jumbo Lender : Tag "seller paid buydown"

seller paid buydown: I Want To Buy This House - How Can I Afford It? - 02/19/10 03:03 PM

You tell your real estate agent "I want to buy this house, how can I afford it?" It's the house of your dreams - the right number of bedrooms, a great kitchen, and a nice back yard. The problem: it's slightly out of your price range. What are your options?
One option you could choose that can help you afford to buy this particular house is to use the buy-down strategy.
The buy-down strategy is made up of two components. The first component is lowering the interest rate by paying points. One point is equal to 1% of the loan amount. … (11 comments)

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Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California

Burlingame, CA

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