10/20/2026
☀️ GOOD AFTERNOON & HAPPY REAL ESTATE TIPS TUESDAY! 🏡🔑
💰 BUYERS: Don’t just negotiate the PRICE… negotiate the PAYMENT! 💰
When buying a home, the purchase price isn’t the only thing we can negotiate! One strategy worth exploring is a 2/1 Temporary Rate Buydown that could help lower your monthly mortgage payment during the first two years. 🙌
🏡 Here’s a simple example with a 7.5% fixed interest rate:
✨ Year 1: Payments calculated using a 5.5% rate
✨ Year 2: Payments calculated using a 6.5% rate
✨ Year 3 and beyond: Payments return to the full 7.5% fixed rate
🤩 Here’s where the negotiating comes in! We can ask the seller or builder to pay for the rate buydown as part of the offer, subject to lender approval and the terms of the transaction.
Instead of focusing only on getting the seller to lower the asking price, we can explore creative ways to structure your offer that may save you hundreds of dollars a month during those first two years!
📌 The takeaway? The best deal isn’t always just about paying less for the house. Sometimes, it’s about finding ways to make homeownership more affordable for YOUR monthly budget.
Every buyer’s situation is different, so let’s talk with your lender about whether a temporary rate buydown makes sense for you!
Thinking about buying a home in Slidell or anywhere on the Northshore? Let’s put a strategy together that works for YOU! 🏡❤️
📲 Heidi Daigle | REALTOR®
ERA Top Agent Realty
📞 985-640-9663
Top Agent Realty