With today’s higher interest rates, a buy down may be the answer.
For instance, A 2-1 buy down is a one time payment that lowers the buyer’s interest for 2 years. It will lower the first year by 2% interest and 1% for the second year of interest. Sellers can offer this as an option to help a buyer client.
For more information, give us at MRM Associates a call, 978-448-3031. We would be happy to discuss this with you!