How 65k Income Buys 4339 Loma & Preserve Equity With a full shift in power from a seller's market to a buyer's market, both sellers and buyers need to reevaluate the best approach to a transaction. The examples below illustrate how a simple seller credit towards the buyer's Interest Rate can produce signiﬁcant monthly savings for the buyer. Traditional
15K Price Reduction
Less Than 8k Rate Reduction
Down Payment %
5.125% / 5.341%
5.125% / 5.351%
4.625% / 4.834%
Rate / APR
Income to Qualify Monthly Savings
In this example we used 2.0 in points or $6,500 to buy down the interest rate from 5.125% to 4.625% resulting in a net savings of $95.18 per month. Also, the points are a t ax deduction in the year the property is purchased for the buyer. Please consult your CPA for speciﬁc information. This example is to show you the power of reducing Rate versus Price. Let’s meet and discuss how this strategy can help you ﬁnance or sell the home of your dreams!
EQUAL HOUSING LENDER
Mark Kvare Mortgage Planner 866-509-0587 www.YourAnchorFunding.com Mark@YourAnchorFunding.com Anchor Funding 3750 Convoy St Suite 320 San Diego · CA · 92111
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