Mortgage Interest Rate Buy Down Programs for Buyers and Sellers
These two programs will help you navigate today’s shifting interest rates.
In today's dynamic real estate market, prospective home buyers and sellers find themselves navigating the turbulent waters of increasing and sometimes fluctuating mortgage interest rates. The ever-shifting economic conditions have left buyers hesitant to make their dreams of owning a vacation home in the mountains a reality. On the other side of the equation, sellers are grappling with a unique dilemma – should they part with their homes, potentially trading their current 3% mortgage rates for a daunting 7% or higher on their next property? Today, we unveil two promising programs designed to alleviate these concerns and provide feasible solutions for both buyers and sellers in Summit County, Colorado.
Feel free to watch the full video above or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
1:16 — Shadow inventory
2:13 — Program 1: Temporary interest rate buydown
3:32 — An example of how a temporary interest rate buydown works
4:23 — The cons of a temporary interest rate buydown
4:56 — Program 2: Permanent buydown of your mortgage interest rate
7:19 — Advice for buyers
8:22 — Advice for sellers
9:04 — Wrapping up
If you have any questions about these programs and which works best for you, call or email us at Breck Life Group anytime. We're here to answer questions and help you look at all the options available to you.