Compare Listings

How to lower your mortgage rate? Your Realtor should know

It’s common knowledge that a good Real Estate agent can help you find a great deal on a home. But can they help you find a better deal on a mortgage loan?

Currently (1/10/2013) there is a way for you to get a 1% buy down for one year on a 30-year mortgage. This means that if the rate on the mortgage is 3.25%, for a period of one year the rate is lowered to 2.25%. That can save you $960 in first year payments on a $150,000 mortgage loan.

Does every lender offer this? The answer is NO.

Is there an extra charge or fee for the buy down? NO.

Does your Realtor know about this offer? Probably not.

Why is this important? Because finding a great deal on a home gets even better when you can save money on the mortgage loan to pay for it.

For more information, contact me at 913-706-3971 or e-mail sean@seanroque.com

img

Sean Roque

Related posts

Five keys to success when buying a home in a sellers market

There is no doubt that we are in a Real Estate sellers market. Many sellers are getting multiple...

Continue reading
by Sean Roque

Buying or building a new home? Hire a Buyer’s agent to represent you or be prepared to pay more for it.

I can’t begin to tell you how many people I know that have told me how they wish they would have...

Continue reading
by Sean Roque

When is the best time to sell a home in the Kansas City Metro area?

Simple answer; NOW There are many reasons why I can say this without hesitation, and there are...

Continue reading
by Sean Roque