"Ron has amazing insight into the financial and real estate markets."
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Interest Rate Buy Down Strategies with Marnie Balog
Hello,
Interest Rate Buydown Strategy Seminar for Realtors:
As Mortgage Interest Rates Rise, Seller Buydowns are making a comeback. In this class, we will explain what a buydown is and what the difference is between a temporary interest rate buydown and a permanent interest rate buydown (Payment Assistance Plan). We will also discuss how the Payment Assistance Plan will help with Home Affordability.
In today’s market, sellers are often faced with the difficult decision of how to price their home. With interest rates on the rise, buyers are becoming more cautious about their purchases, and many more are reluctant to enter into a bidding war. As a result, sellers may find it necessary to lower their asking price in order to attract more buyers. However, there is another option that can be equally as effective: Offering to pay the buyer’s interest rate buy-down.
Borrowers & Agents often know they can lower the mortgage interest rate for the life of the loan by paying “discount points” which is a permanent interest rate buy-down. Another little know strategy is a Seller Paid Temporary Interest Rate Buydown which gives the buyer significantly more payment savings for the first 1-3 years of the mortgage. This strategy can be a win-win for both the buyer and the seller.
Learn all you need to know about Interest Rate Buydowns including the following:
• Difference between permanent buydown & temporary buydown
• Benefits for Seller using Buydown versus lowering price or seller paid closing costs
• Benefits to the home buyer to increase affordability
• Plus Much More!
Learn what you need to know to be the expert on this unique strategy for a rising interest rate housing market. This seminar is presented by Ron Siegel of Geneva Financial.
Interest Rate Buydown Strategy Seminar for Realtors:
As Mortgage Interest Rates Rise, Seller Buydowns are making a comeback. In this class, we will explain what a buydown is and what the difference is between a temporary interest rate buydown and a permanent interest rate buydown (Payment Assistance Plan). We will also discuss how the Payment Assistance Plan will help with Home Affordability.
In today’s market, sellers are often faced with the difficult decision of how to price their home. With interest rates on the rise, buyers are becoming more cautious about their purchases, and many more are reluctant to enter into a bidding war. As a result, sellers may find it necessary to lower their asking price in order to attract more buyers. However, there is another option that can be equally as effective: Offering to pay the buyer’s interest rate buy-down.
Borrowers & Agents often know they can lower the mortgage interest rate for the life of the loan by paying “discount points” which is a permanent interest rate buy-down. Another little know strategy is a Seller Paid Temporary Interest Rate Buydown which gives the buyer significantly more payment savings for the first 1-3 years of the mortgage. This strategy can be a win-win for both the buyer and the seller.
Learn all you need to know about Interest Rate Buydowns including the following:
• Difference between permanent buydown & temporary buydown
• Benefits for Seller using Buydown versus lowering price or seller paid closing costs
• Benefits to the home buyer to increase affordability
• Plus Much More!
Learn what you need to know to be the expert on this unique strategy for a rising interest rate housing market. This seminar is presented by Ron Siegel of Geneva Financial.