CLICK HERE to see the difference in monthly mortgage payments depending on the loan program and purchase price. It will help you set your clients expectations based on their monthly mortgage budget and their available cash to close.

Here are the 3 things you should ask every client:

1. What is your monthly mortgage budget

2. How is your credit?

3. How much do you have saved to purchase your home?

Take a moment to understand how your clients can still benefit in this real estate market. Not only is there added opportunities because buyer demand has settled, there is also a way to still make money. Appreciation might have slowed down from 20% but values are still increasing at a healthy rate. Teach your clients to Marry the Home, not the Rate.

Click Here for the Estimated Seller Credit Needed for this Program ~ CALL ME FOR THE CURRENT RATE

A 2-1 buydown is financing that lowers the interest rate on a mortgage for the first two years by subsidizing the payment with a seller credit.

The rate is typically two percentage points lower during the first year and one percentage point lower in the second year.

2-1 buydowns can be a good deal for homebuyers, provided that they will be able to afford the higher monthly payments once those begin.