How To Maintain Your Buying Power in a High Rate Environment
Published 2 months ago
If you're a buyer in today's market, I'm sure you are somewhat discouraged by these higher rates, but this could be the break you need to gain access to the housing market.
What I mean is that most buyers have pivoted back to the lender to get " pre-approved" again and are given two choices.
The first option they would be given is "If" they plan to stay at their old pre-approval, then additional funds will be needed to accomplish that.
If those funds are not available or if it requires liquidation of retirement accounts, Then the second option would be to reduce their pre-approval amount so they can requalify at a smaller amount based on their income and debt.
Both of these options are not very good in this competitive market. But, you have another chance to help regain that lost buying power, and it's with a Seller Buy Down and I can help!
Here are some of the options I help my buyers regain their buying power with massive additional funds needed to stay in the housing market.
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