Can You BUY DOWN Your Interest Rate in Dallas Texas? Let's talk about mortgages and interest rate buy down strategies today!
It's no secret that interest rates in Dallas Texas are high... but did you know that you can get a much lower interest rate by buying it down during the mortgage process? It's possible to get a very good rate by simply putting more down in the beginning, even if the average interest rate in Dallas Texas is higher than it was a few years ago.
Now is one of the best times in history to buy a home in Dallas Texas even with the interest rates being what they are. The interest rate can change, but the environment for homebuying, with more inventory and less competition, is extremely favorable for home buyers in Dallas Texas. That's why I love to offer the option of buying down the interest rate in Dallas TX to our clients when they are concerned about paying a higher rate... it's something that can be adjusted based on the buy-down strategy. Today, I'll talk about how to use this strategy and what is required to be able to buy down your interest rate in Dallas Texas.
If you're thinking about living in Dallas Texas and buying a house in Dallas Texas (or the surrounding Dallas Texas suburbs), be sure to give me a call, shoot me a text, send me an email, or schedule a Zoom call. I'd love to help you get a mortgage in Dallas Texas!
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00:00 - Intro to Buying Down Your Interest Rate in Dallas Texas
01:00 - 3 Types of Buy-Down Strategies for Dallas Texas Mortgages
01:19 - Permanent Interest Rate Buy Down Strategy
01:57 - Buy-Down Strategy #1 - Seller Pays Buy-Down Costs
03:17 - Temporary Buy-Down Strategies in Dallas Texas
03:30 - 2-1 Buy Down Strategy
06:17 - 3-1 Buy Down Strategy
08:30 - Wrap Up on Buy-Down Strategies in Dallas Texas
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Brian McCauley Certified Mortgage Advisor | NMLS:208803
Fairway Independent Mortgage Corporation
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