A seller buy down happens when the seller of a home contributes money toward the buyer’s closing costs to pay for points, effectively buying down the interest rate of the loan.
IS THIS BENEFICIAL TO BUYERS?
With a Seller Buy Down, it benefits the buyer by getting a lower rate and lower monthly payment = Win, Win.
Contact us today to learn more! Ready to get started? We’re here to help!
Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com
Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com