Down payments and buydowns and points, oh my!
In this time of increasing mortgage rates, people are looking for ways to lessen the financial burden of their mortgage payments.
There are many ways to do this. In today's episode, we cover three of them:
Knowing these options and being able to explain them to your clients could mean the difference between them feeling confident to get into a home or choosing to sit on the sidelines.
Down payment: 1:25
Buying down the rate - paying points: 2:54
Temporary buydowns - 2/1 buydown or 1/0 buydown: 6:03