There are many ways in which you can get creative with your options when it comes to buying a home.  One is a program that certain lenders offer, which is a  temporary rate buydown.  That is where your interest rate is reduced on your mortgage for the first year or two of your loan, with the contribution to it coming from the seller.  Once that period is over, the rate will go back up (although it is always possible to re-finance at that time!).  It is called a seller's concession.

You can read more about how that program works here.

Thinking of buying this year?  My team and I work with a team of top lenders, as well as attorneys, inspectors and more to ensure the homebuying process is smooth and memorable.  Contact me to get started!

Posted by Lisa Ferro on
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