Model Mortgage

Buying vs renting analysis after just 9 years with 3.5% down. Share on your story for action! Share with friends and family members too!

Why a 3/2/1 or 2/1 buy downs vs permanent rate buy down??? The big difference is with a temporary rate buy down is the amount of money received via credits let say $12,000, that money is held in a separate account that is pulled from to keep the monthly payment lower and when you refinance the unused money comes off the principal loan amount therefore you do not lose the money like you would if you for instance bought a rate from 6% to 5.25% with a permanent rate buy down.

Calling all FHA loans over 7% , you may be able to save a great amount of money and skip 1-2 mortgage payments with limited documentation and only a soft credit check, no appraisal needed! Message me if this is you, we can likely help!