🎧Buying Down Mortgage Interest Rates for Real Estate Investors
New To Podcast This Week - Over 51,000 Total Downloads*
New to the podcast this week is 🎧Buying Down Mortgage Interest Rates for Real Estate Investors.
One way to improve cash flow is to buy down mortgage interest rates on the loan. We dive deep into this strategy in this episode.
It is part of our entire series on 🏦financing rental properties.
Show Notes
In this class, James discusses:
Buying down mortgage interest rates when buying a rental property
Improving cash flow by buying down your rate
You can choose your interest rate by how much you're willing to pay or receive as a credit toward closing costs
Rate changes for the life of the loan
What's a point and how do they work?
What's par rate and why it is critically important to seek clarity from your lender when they quote you a rate?
What can you do with extra money when buying a rental property?
Comparing more down payment to buying down your interest rate
Requesting a buy down table from your lender (and what they look like)
Plugging numbers into the buy down spreadsheet
Looking at the cost difference when buying down your rates to various levels
Selecting where to buy down to
Simple and compound return on investment calculations done for you
Putting more down improves cash flow in 3 important ways
Comparing more down payment to buying down interest rates (not just cash flow... cash flow and equity)
Temporary solution to buying down rate or pre-paying PMI
Download the Mortgage Buy Down Spreadsheet by Brian Williams
Plus much more...
How to Access in 3 Easy Steps
Click on the PODCAST button next to your city.
Select your preferred podcast player (Apple, Spotify, etc) and subscribe for free.
Enjoy!
Love,
James Orr
*As of September 16th, the total number of downloads across all Real Estate Financial Planner™ city-specific real estate investing podcasts for all episodes over all-time is over 51,133.
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