Pro Tip: Want to save some serious cash on your mortgage? Check this out.

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Pro Tip: Want to save some serious cash on your mortgage? Check this out.

If you get the seller to drop the price of a $300,000 home by $10,000, you’ll save around $78 a month. Not bad, right? But here’s the real deal…

Ask the seller for a $10,000 credit to buy down your interest rate instead, and you’ll save $248 a month. That’s $170 more in your pocket every single month!

Breakdown:

• Price Drop: $300,000 home - $10,000 = $290,000. Monthly savings = $78.
• Rate Buy Down: $300,000 home, $10,000 credit to reduce the interest rate. Monthly savings = $248.

So, next time you’re negotiating, forget about the price cut. Go for the rate buy down and watch your monthly payment drop. Less stress, more cash.
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