Seller Paid Buy Down
In this episode we talk to Jim Schmidt from HomeBridge Financial about seller paid buy down. It is a very interesting program that can be used by sellers and buyers who may be in a stale mate to get the best possible prices on either side of the transaction. This gives the buyer the ability to feel like they received a better deal which over the life of the loan the savings will be huge, in comparison to taking one lump sum off the initial purchase. On the same side it gives the sellers the ability to stick to their selling price but only give up some money off their net sale price. If you are looking for a creative way to get a deal done Jim and I have the solution! Check out the video and let us know if you have any questions.