Rich & Mat talk about the temporary rate buydown and how it gives homebuyers an extra flexibility with a lower monthly payment by offering them a fixed rate temporary rate buydown to lower their interest rate at the start of their loan. 2-1 and 1-0 buydown options are great for borrowers who expect an increase in their income in the next few years or who have excess seller concessions to use!
Episode 12 Content:
00:00 - Intro
01:01 - What are the rates this week?
05:06 - First time home buyers usually don't remain first time home buyers
06:30 - What's a temporary rate buydown?
12:00 - Why a temporary rate buydown vs buying down points?
20:02 - Creative lending in this market
27:04 - It's never a bad time to buy real estate
31:43 - The problem we're going to see in the next 6 to 8 years
Connect with Mat:
603-475-5471
@mmacdonald01
Connect with Rich:
603-665-0550
@richjracine
