Part 1: Seller Wins!! Price Reduction vs. Interest Rate Buy Down A seller can save the buyer thousands of $$$ over the life of the loan with an interest rate buy down instead of just a few thousand dollars with a one time price reduction.
For as little as 1% of the loan amount the seller can buy down the interest rate 1/2%. On a $100,000 loan amount, the 1/2% rate reduction can save the buyer $30 per month. With a price reduction at the higher interest it would take approximately $6,000 reduction … (1 comments)
WIN! - WIN! - WIN! BUYERS! SELLERS! AGENTS!
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