With the mortgage rates in the 6-7% range, it’s more important than ever to reduce it as much as you can!
💰 And one of the best ways to do that is to get the seller to give you a closing credit to help you buy down your interest rate.
😤 Many sellers are prideful and may be stuck on selling their house for a certain price (so that they can tell their friends they sold their house at a good price even in a slow market).
So by negotiating with the seller, you can give them their asking price, in exchange for them paying for your closing costs!
🏡 By doing this, you can save tens of thousands of dollars in interest payments over the lifetime of your loan.
What are your favorite real estate negotiating tips?
Note: These values were calculated on a $450,000 home with $90,000 down with a 7% rate and 6.5% rate.
*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.
