An interest buy-down is a real estate financing option that Buyers can use to offer list price AND retain an affordable mortgage. By providing a credit to the Buyers, it allows Sellers to get their List Price from a qualified deal. It’s a win-win for both parties. If you have questions, please let me know and my favorite Lender will be happy to explain the details and determine if it will work for you!
When you’re purchasing a home, be sure to do a final walk-through before your signing. It’s IMPORTANT! Make sure all of the items included in your contract are still in the house, that there are no leftover personal items, and everything is clean, and in tip-top shape. Don’t lose your leverage by waiving your rights to this vital step in the process.