Don’t ask for $30K off. Ask for this instead 👇
Most buyers go straight for a lower price because it feels like the win. But when you run the numbers, it’s not even close.
On an $800,000 home with 10% down:
A $30K price reduction at 7.25% saves about $184/month.
Keeping the $800K price and using seller credits to help buy the rate down from 7.25% to 5.75% could save about $710/month.
That’s roughly $526 MORE every single month.
Why the big gap? A price cut only shrinks your loan a little. A lower rate works on your entire loan balance, every month, for as long as you have the loan.
So before you write your next offer, ask yourself: am I negotiating for the lowest price, or the lowest payment?
—I'm Richard Sarey, your go to Modern Loan Advisor in Frisco Texas.
#FriscoMortgage #Texasmortgagelender #MortgageStrategy #MortgageAdvice
