"Maximizing Savings and Opportunities in Today's Mortgage Market"
TL;DR Summary
As mortgage rates soar, more home buyers are negotiating mortgage buydowns, a financial technique that can shave thousands of dollars off a buyer's loan repayments. Buydowns involve a seller agreeing to pay a lump sum of money that is then used to reduce a buyer's interest rate over a set period of time. These negotiations are struck when a home has been on the market for a long time and sellers are struggling to find a buyer.
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