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Buy-Down vs Points vs Price Reduction: How to Best Take Advantage of a Seller Concession in a Buyer’s Market 1 CE

  • Central Oregon Association of Realtors (map)

When does it make sense to pay points to buy the rate down permanently?

When does it make sense to pay for a temporary 2-1 or 1-0 buydown?

When does it make sense to take a price reduction?

How to apply a seller concession to maximize benefit to the buyer/borrower.

Taught by: Steve Mora, Caliber Home Loans