temporary buy down: How a 1-0 Buy down Saves Your Clients $$$
- 06/17/16 03:42 AM
Do you have any real estate clients who could benefit from a Buy Down on their interest rate? Of course you do - but do you understand how a Buy Down can help them?
A Temporary Buydown is a mortgage loan option that reduces the borrower's interest rate for a specific amount of time.
The main benefit of this type of mortgage is to attract potential homeowners who expect to be making substantially more income in the near future. Another benefit of this type of mortgage is that it often means the buyer ends up paying less for the property than the seller's … (3 comments)
Do you have any real estate clients who could benefit from a Buy Down on their interest rate? Of course you do - but do you understand how a Buy Down can help them?
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