HOW TO GET A LOWER PAYMENT WHEN YOU BUY A HOME
There are numerous by down options, and the most popular is the 2-1. It allows you to lower your monthly payment the first 2 years. Working with a real estate expert in Peoria Arizona is important when getting the right financing for the purchase of your new home.
Here’s the basic math…
On a 2-1 buy down, you are lower your interest rate 2% the first year and 1% the 2nd year.
For most buyers, this will lower your first 12 payments, 20%, and your next 12 payments 10%. These savings can exceed $15,000.
This is an excellent program that allows you to fight back against increasing interest rates and save a ton every month. By working with a real estate expert in Peoria Arizona getting the lowest mortgage rate and best program will help in purchasing your home.
And best of all sellers will pay for it in this market!
If you’re ready to buy a home from a real estate expert in Peoria Arizona, contact Denise Venturelli from New Venture Realty in Peoria Arizona. Saving you money and getting you on the right loan program is one of my priorities for all of my clients.