Price Reduction versus Rate Buydown
Posted by Advantage Real Estate on
Price Reduction vs. Rate Buydown Which Negotiating Strategy Saves You More?
The rate figures, payment calculations, and loan examples in this article are general illustrations. Actual savings depend on your specific loan amount, rate, lender terms, and timeline. A licensed mortgage professional is your best resource for numbers specific to your situation.When you are close to reaching a deal on a home, the negotiation often comes down to one final question: how do you bridge the remaining gap? Two of the most common strategies are asking the seller for a price reduction or asking them to contribute an equivalent amount toward a mortgage interest rate buydown. On the surface, both seem like they accomplish the same thing. But the math tells a…
76 Views, 0 Comments

Exceptional 2020 Craftsman Home in Prestigious Sandpiper Village