Art’s Buyers blog is for providing the latest and most useful informaion on Buyer Finance. I have learned through numerous finance classes and seminars, how to help buyers lower their monthly mortgage payments with the seller’s help, improve their credit standing, find the money for down payment and even lower the down payment to purchase a home and much more.
By the way, I’ve been a full time realtor for 10 years and have had 30 years of business experience at the executive level prior to this. Recently I felt it was time (in this economy) to actively help buyers finance their home.
A home seller would be more willing to help a buyer lower their monthly payment by chipping in monetarily rather than reducing the price of their house. You, the buyer, will actually gain more from lower interest rates than a price reduction. You can now pay $100 to $500 less a month on your payments. Transalte that savings over a 30 year loan; for $100 month you save $36,000 over the life of the loan and for $500 a month you save $180,000. Now isn’t that better than getting a $10,000 or $20,000 reduction in the sales price???
I invite you to ask me how this is done. It’s easier to verbally explain the details of a “buydown” than type the explanation here. IIIIII do not charge for this service because I do want to help people get a home and financing always seems to be the big obstacle.
The finance techniques I use have been part of mortgage options for over 20 years and most mortgage lenders know them but hardly use them because the buyer’s realtor has to ask the seller to agree. It’s unfortunate that few realtors know these laws or advise their clients about them.
In the public’s eye house price reduction appears to be the only way to help a buyer…… –it’s definitely not!
