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Questions and Answers
What was the main concern the speaker had regarding the housing market in the spring of 2022?
What was the main concern the speaker had regarding the housing market in the spring of 2022?
- Lack of inventory
- Interest rates going up
- Affordability crisis (correct)
- All of the above
What is the purpose of the speaker's loan program suggestion to their clients?
What is the purpose of the speaker's loan program suggestion to their clients?
- To increase their sales
- To prevent an affordability crisis
- To provide financial advice
- To forecast future trends (correct)
What is a potential benefit of using a lender subsidized 2-1 buydown?
What is a potential benefit of using a lender subsidized 2-1 buydown?
- It allows for negotiation strategies with sellers. (correct)
- It requires a shorter loan term compared to a seller subsidized buydown.
- It provides a lower interest rate compared to a seller subsidized buydown.
- It requires a smaller down payment compared to a seller subsidized buydown.
What is the average interest rate over the first 24 months of the loan?
What is the average interest rate over the first 24 months of the loan?
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What happens to the seller contribution in the event of a refinance within the first 24 months?
What happens to the seller contribution in the event of a refinance within the first 24 months?
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