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.
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.
- Категория
- Рефинансирование кредита
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