A $10,000 seller credit is not automatically a $10,000 win.
It depends how it is used.
In some situations, it may make more sense to apply it toward closing costs.
In others, using it toward a rate buydown could help the monthly payment.
And sometimes the best answer depends on how long you plan to stay in the home, how much cash you want left after closing, and what your lender allows.
That is why the strategy matters.
Before you agree to a seller credit, ask how it actually changes your numbers.
Save this for later.
Send it to someone negotiating on a home.
— If we haven’t met yet, I’m Richard Sarey, your local independent mortgage broker in Frisco Texas
• seller concessions mortgage • home buyer closing costs
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