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USE THUS TRICK TO SAVE HUNDREDS OF DOLLARS PER MONTH
Use the home sellers money to your advantage and save hundreds per month on your mortgage payment.
📉 There’s a program called a 2-1 Buy Down that lets the seller pay to reduce your rate on your mortgage in the first two years. (It gets better…)
👉 In the first 12 months your mortgage will be 2% lower than the actual rate. So if your rate was 6% your payment would be based on just 4%.
In year two, the rate is 1% below your actual rate.
This is accomplished by the seller crediting you money at closing specifically for this loan program option.
🤯 Here’s where it gets even better. I have a program that does the same thing but drops the rate 3% the first 12 months, 2% the next 12 months, and 1% after that. If your note rate was 6% that means your payment is based on 3% for the first 12 months!
I love this program for the current market. It keeps you payments low while we wait for rates to come down, which is all but inevitable at this point.
This is a great option to get that house you want now at a discount and keep the payments affordable, and have 3 full years of reduced payments.
DM and for more details or go to meet.Seanherrero.com to schedule a consultation.
For educational purposes only. This is not a rate quote and not a guarantee to lend. Applicants need to qualify for this loan program and any other loan program.
#sellerbuydownstrategy #homebuyer #mortgagerates #moneyhack #realestatehack #firsttimehomebuyer #realestatetips
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