I had a closing today with two clients I’ve been working with for a few years planning their first home buying experience after they got out of law school.
They were lucky enough to find a listing that offered a free 1/4 point buy down on their loan for the first year.
As we sat in closing today reviewing the HUD-1, everything looked find to me, the closing agent and my clients. Until I saw one of my favorite loan officers, Peter Blizniak, pulling out his file and comparing some numbers. I leaned over and asked him if the buy down was included.
He was already checking. I looked across the table and told the closing agent to hold on a minute.
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