ilmscore | Mortgage Buy Downs Predictions
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Mortgage Buy Downs

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Recent Predictions

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Author
Predicted at
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Video
There are two main types of mortgage buy-downs being offered: temporary and permanent.
"one are temporary mortgage buy downs and the other are permanent mortgage buy Downs"
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
Home builders are spending 5-6% of the home price to reduce mortgage rates by 1-2% for buyers.
"Builders are contributing 5 to 6% of the home purchase price UPF front to lower the 30-year mortgage..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
Home builders are offering mortgage buy-downs as an incentive for new construction home purchases, where they cover a portion of the buyer's mortgage interest.
"the way a mortgage buy down works is it's generally a new construction home where a home seller the ..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
Builders are estimated to be paying 5-6% of the home price to reduce mortgage rates by 1-2%.
"Builders are contributing 5 to 6% of the home purchase price UPF front to lower the 30-year mortgage..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
For a $500,000 home, a builder might spend $30,000 of their profit to reduce a 7.5% mortgage to 6.5%.
"if you're buying this $500,000 home new construction from a builder they might pay $30,000 out of th..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
A temporary mortgage buy-down example shows initial interest rates of 4.5% in year 1, 5.5% in year 2, and 6.5% in year 3, before reverting to the market rate of 7.5% in year 4.
"the way a mortgage buy down works is let's assume right now that the market rate for a 30-year mortg..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...
A permanent mortgage buy-down from a builder could lower a 7.5% market rate mortgage to 6% for the life of the loan.
"a permanent mortgage buy down says that if you want to get a 30-year fixed rate mortgage it's 7 1.2%..."
Minority Mindset Minority Mindse...
May 4, 2024
Pending
The REAL Reason Mort...