Realtors - do you work with home builders? If so, you may want to look into a mortgage product that is gaining momentum: PITI abatement.
This allows the builder to prepay up to six months PITI as an incentive for the borrower. Instead of negotiating down the purchase price, this can be used as a seller contribution. The money spent on the abatement can have greater appeal to prospective buyers than simply lowering the purchase price.
What does this do?
1. Keeps more dollars in the builders pocket.
2. Increases Realtors' commissions
3. Helps create buyer loyalty by incentivizing the builder, his inventory, and you as the agent.
4. Frees up extra cash for the borrower to purchase home upgrades
| Program highlights: |
  15- or 30-year fixed-rate options Available on detached 1-unit properties or planned unit developments (PUDs) Up to 90% LTV Homebuilder's total abatement included in the maximum 6% interested party contribution |
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