Selling the 2-1 Buydown
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Questions and Answers

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?

  • 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?

  • 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?

    <p>5.5%</p> Signup and view all the answers

    What happens to the seller contribution in the event of a refinance within the first 24 months?

    <p>It is used to pay for closing costs</p> Signup and view all the answers

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