Last week, we explained how getting a 3% mortgage rate is much easier than you think in 2023. But, for most buyers, getting strapped with a 6% or 7% rate is the new norm. So what if you NEVER had to pay a high mortgage rate? What if you could keep a record-low interest rate while waiting to refinance? Seems too good to be true, right? Fortunately, it’s all facts! And we’ve got Christian Bachelder and David Greene back on to explain how the new “rate buydown” programs work.
When you hear “rate buydown,” you probably assume you’re putting up the cash to lock in a lower monthly payment. Thankfully, not a single cent needs to come out of your pocket to pick up a new property with a rock-bottom rate. With sellers in a frenzy and the buyer pool drying up, these programs were designed to help you, the buyer, get into a new home WITHOUT paying a massive monthly mortgage.
David and Christian will go step-by-step through this program, explaining who is (and isn’t) eligible to use it, how to apply seller credits on your next refinance, and EXACTLY who to talk to when buying your next property.
Don’t get stuck with a sky-high rate for your next property purchase. Tune in so you can cut your mortgage rate in half!
00:00 Mortgage Rate Buydowns Explained 04:20 Bad News for (Some) Investors 09:15 What You NEED to Know 11:25 Get the 411 on 3-2-1 Buydowns 12:17 Connect with Christian!
