If you’re buying a new home while still owning your current one, chances are you’ve heard the term “home sale contingency.” It’s one of the most common (and often misunderstood) clauses in real estate contracts, especially for move-up buyers.
With high interest rates affecting home affordability, many buyers and sellers are exploring creative ways to make deals work. One powerful strategy gaining attention is the permanent interest rate buydown.
Thinking about keeping your current home as a rental while buying a new primary residence? You’re not alone—and in today’s market, this strategy can be a smart way to build wealth and create future flexibility.
Buying a new home when you already own a home presents certain challenges. If you are a current homeowner and are looking to buy a new home without having to sell yours first, a mortgage recast might be your solution.
With higher mortgage rates and affordability concerns, many buyers are hesitant or struggling to qualify. Sellers, on the other hand, don’t always want to lower their price. A 2/1 buydown bridges the gap—offering a meaningful financial incentive to buyers without sacrificing the seller’s bottom line.
With interest rates staying higher than recent years, buyers are looking for creative ways to make homeownership more affordable. One solution gaining traction is the lender-paid rate buydown — where the lender helps lower the borrower’s interest rate for the first year or two, without requiring a seller contribution.
.png)
-min_edited.jpg)