How to Save Money When Buying a Home

If there’s one thing to know about saving on your house payment, it’s this:

The importance of negotiating for a mortgage rate buy down.

Given our current market and interest rates, having this strategy in your pocket will have the most significant financial impact on your monthly payment (in a good way).

Here’s a real life example:

Let’s say you’re looking at a home priced at $300,000.

You could ask the seller to reduce the price by $10K and see savings of $78/mo.

But watch this:

If you asked that same seller for a $10k credit to buy down your interest rate, you’re looking at $248/month in savings…

For the sellers, it makes zero difference; it is simply redirecting where the money is applied.

What question do you have about buying? Schedule a 15 min call at the link in my bio.