Temporary Rate Buydowns : Mortgage Hacks 2024

In this video I am talking about a great real estate strategy that benefits both buyers AND sellers in 2024. Mortgage rate buydowns have been popular for those that know about them but many just don't know what they don't know. Being able to use seller credit to temporarily buy down the rate helps buyers solve the problem of affordability, and it helps sellers sell homes fast without having to drop the price $50,000.
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[@nicolefigueroa4861]

Thanks for all the tips. Do builders offer permanent buy downs if so are there any conditions or cons

[@fxdnny]

Good stuff Matt. Are the 2-1 buy-down costs still escrowed in case you refinance sooner?

[@MattTheMortgageGuy]

Yep- and you get refunded any unused amount

[@davidlloren]

I dont get why people make such a big deal about interest rates. On a 200k house its the difference of less than 100 bucks between 7 and 6%. Here its about around $300. If you can afford thousands a month in montly payments, 300 is nothing. Unless we are talking 2% to 7%, people shouldnt be so caught up on a few points.

[@mahamudul_youtube]

sir i am following your youtube channel constantly your content is very nice but your video is not going viral due to some mistakes in your optimization if you want i will show your mistakes and help you can i talk to you