Patti Contrasto-Kelly Mortgage Banker

713-387-9521 direct 713-820-9287 e-fax

Seller Buy Down Strategy;

With a full shift in power from the seller’s market to a buyers market, both sellers and buyers need to reevaluate the best approach to a transaction.

The example below illustrates a conventional loan, with 20% down payment, using 5.25% with no buy down points.

It’s been 90-120 days and the home has not sold. The seller decide to reduce the price by $15,000, to attract more prospects and sell the property faster.

Here we show you the best strategy..! A simple seller credit towards the buyer’s interest rate, for ONLY $7500 produces significant monthly savings, for the seller and the buyer. It expends the market opportunities as the income required to qualify is less. It helps the buyer maximize their equity, and decrease the cost of the loan, while creating more cash flow.

Savings are greater..!

Rate savings to buyer $34,839 on 30 yr term.

Seller credit, only $7500Sales price

Down Pmt

Loan amt

Monthly pmt.

Income

Mo Savings

Less income to qualify.

This is the math behind it...

Thank you every one for your time and for the opportunity to work with you and your clients.

Please be part of this great journey and team work. And share your success stories.

See you soon…!

Patti Contrasto-Kelly Mortgage Banker

713-387-9521 direct