Buyers: if there's one thing to know about saving on your house payment, it's this:
The importance of negotiating for a mortgage rate buy-down.
Here's a real-life example:
Let's say you're looking at a home priced at $300,000.
You could ask the seller to reduce the price by $10k and see savings of $78/mo.
But if you ask for $10k credit to buy down your interest rate, you're looking at $248/month in savings...
The best part? It makes no difference to the seller. It’s simply redirecting where the money is applied. Questions? Don’t hesitate to reach out!
info@kingmillerrealestate.com
Buyers: Save with this Strategy
- By Lisa Bassett
- Posted
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