🤔 Thinking of moving to Phoenix Arizona? Let us help! 🌵 📱 Call or Text: (602) 653-1209 📨 Email: samantha@your-az-agent.com 📅 Zoom Call: bit.ly/LivingInArizonaCall
I enjoyed the video. Lots of good info. One thing that is important to point out regarding those buydowns is that with a temporary buydown, the borrower needs to qualify for the home loan based on the full interest rate after the buydown expires. Buyers should be very careful because there is certainly no guarantee that interest rates will go down in the future. Thus, just saying you can refinance at a lower rate in the future is never a guarantee.
Thanks so much for checking out the video and glad the info was helpful! Yes, such a great point to mention that buy downs are temporary. With that 2-1 buy down, it can buy down your rate by 2 points for the first year and 1 point for the second year and then it will revert back to the original rate. But hopefully during those 2 years the standard rate will go and you can refinance before that time to save permanently 👍 You are right though, never a guarantee so people should always make sure to consult a trusted real estate agent and lender to go over the options and info in order to make the decision that will be best for them. 😊
🤔 Thinking of moving to Phoenix Arizona? Let us help! 🌵
📱 Call or Text: (602) 653-1209
📨 Email: samantha@your-az-agent.com
📅 Zoom Call: bit.ly/LivingInArizonaCall
I love Scottsdale!!!
Me too!! One of my favorite parts of town and so much to offer! What are some of your favorite spots in Scottsdale?
@@LIVING_IN_ARIZONA Old Scottsdale! I like the shops and food.
@@TheJereld That's my favorite part of Scottsdale! Love the shops and food as well and how walkable and fun it is! 😊
I enjoyed the video. Lots of good info. One thing that is important to point out regarding those buydowns is that with a temporary buydown, the borrower needs to qualify for the home loan based on the full interest rate after the buydown expires. Buyers should be very careful because there is certainly no guarantee that interest rates will go down in the future. Thus, just saying you can refinance at a lower rate in the future is never a guarantee.
Thanks so much for checking out the video and glad the info was helpful! Yes, such a great point to mention that buy downs are temporary. With that 2-1 buy down, it can buy down your rate by 2 points for the first year and 1 point for the second year and then it will revert back to the original rate. But hopefully during those 2 years the standard rate will go and you can refinance before that time to save permanently 👍 You are right though, never a guarantee so people should always make sure to consult a trusted real estate agent and lender to go over the options and info in order to make the decision that will be best for them. 😊
Amazing content on the Phoenix market, as always 🎉
Thanks so much! 🤗
Hi Samantha
Hey Ross, thanks for checking out the video! :)