What is a mortgage buydown? A mortgage buydown is a strategic financial arrangement in the realm of home financing that involves the manipulation of mortgage interest rates. This process typically occurs through the collaboration of a mortgage lender and the borrower. The objective of a mortgage buydown is to secure a lower interest rate on […]
What’s a mortgage rate buydown? 3 things you need to know to avoid ‘lighting money on fire’
Make sure you understand the tradeoffs of a buydown before committing. Updated Tue, Mar 7 2023 Jason Stauffer Witthaya Prasongsin | Moment | Getty Images Rising mortgage rates have pushed potential home buyers to the sidelines and slowed home sales. In an effort to simulate the sluggish market, both sellers and mortgage lenders have begun to woo would-be […]
Prepping Your Home for Sale
Follow these tips when preparing your home for sale: Identify repairs and make a plan Paint where it is needed the most Stage each living area to help potential buyers imagine living in that space. Keep all rooms clean, including children rooms. Remove clutter and extra furniture to help the space feel clean and larger. […]
Top Tips for Buying a Home
Buying a home is an important life decision. Make sure you consider these important tips before you buy: 1. Look at your finances and decide how much you can afford. start saving early (down payment, closing costs, moving expenses) keep check on your credit- avoid major purchases! 2. Explore Mortgage options types of mortgages (conventional,FHA, […]