🎧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

1. Click here to select your city from the list

2. Click on the PODCAST button next to your city.

3. 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.