First: a Lending Technique you should know of, if you're looking (or helping someone looking) to borrow money these days:
Do you know the 2/1 rate buydown?
It's an option for buyers as mortgage rates rise; and an option for sellers to reach buyers who need flexibility. (It can become part of closing costs).
There is an upfront cost, but then it means that the mortgage rate is "down" lower. Sometimes it is a temporary amount of time. After years 1, or 2, or 3 -- when rates have lowered and stabilized -- then the homeowner could refinance. Overall then, they would avoid the highest jabs of the interest rates.
Reports show that many buyers are going this way in this market, looking toward rates being lower in two years time. So, connect with me and I'll explain and I'll connect you to my trusted lenders to see what's possible for you!
December News and Notes: Space in our Metroplex. End of Year Market Trends.
Fun in our Area:
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