Special Video - Lender Paid 2/1 Buydown Complete Breakdown on How it Works

🏡 SPECIAL VIDEO: A NEW WAY TO BUY DOWN YOUR MORTGAGE RATE — WITHOUT BREAKING THE SELLER'S BANK! What if homebuyers could take advantage of a temporary 2-1 mortgage rate buydown WITHOUT requiring the seller to come up with thousands of dollars in concessions? Well, we've got some exciting news! In this special edition of The Murphy Whitlock Group's Mortgage Market Update, Joe Whitlock and Chris Murphy break down a new LENDER-PAID 2-1 BUYDOWN program that could be a game changer for both homebuyers and sellers! 🔹 HOW DOES A TRADITIONAL 2-1 BUYDOWN WORK? Traditionally, a temporary 2-1 buydown is funded through seller concessions. The seller provides a credit at closing that covers the cost of temporarily reducing the buyer's mortgage rate. For example, with a starting interest rate of 7.625%: 🏠 Year 1: 5.625% 🏠 Year 2: 6.625% 🏠 Years 3–30: 7.625% The problem? These buydowns can cost thousands of dollars, and sellers aren't always willing or able to offer that much in concessions. 🚨 ENTER THE NEW LENDER-PAID 2-1 BUYDOWN! The Murphy Whitlock Group now has access to a program where the LENDER COVERS THE MAJORITY OF THE BUYDOWN COST! That means: ✅ Sellers may only need to contribute a fraction of the traditional buydown cost. ✅ Buyers can enjoy lower mortgage payments during the first two years. ✅ Sellers can make their homes more attractive WITHOUT drastically reducing their asking price. ✅ Real estate agents have another powerful tool to help negotiate deals and get homes SOLD! THE BOTTOM LINE: Instead of asking a seller to contribute $10,000–$15,000 toward a temporary rate buydown, imagine being able to offer a similar benefit with a much smaller seller credit! That's exactly the opportunity we're discussing in this video. Whether you're buying a home, selling a home, or helping clients navigate today's housing market, this is a program you'll want to know about. 📲 WANT TO LEARN MORE? Reach out to Joe Whitlock or Chris Murphy at The Murphy Whitlock Group to see how this program could work for your next purchase or listing. 👍 LIKE this video if you found it helpful! 💬 COMMENT with your questions about temporary rate buydowns! 🔔 SUBSCRIBE for more mortgage strategies, housing market insights, and weekly updates! The Murphy Whitlock Group Education Creates Confidence. #MortgageRates #LenderPaidBuydown #21Buydown #MortgageBroker #HomeBuying #RealEstate #SellerConcessions #FortCollinsRealEstate #ColoradoRealEstate #MortgageTips Disclaimer: Temporary 2-1 buydowns reduce the interest rate used to calculate payments during the first two years, after which payments are based on the full note rate. Borrowers must qualify at the full note rate. Lender contributions, seller concessions, program availability, and eligibility vary by loan product, lender, and transaction. Lender-paid buydowns may affect loan pricing. All loans are subject to underwriting approval. Contact The Murphy Whitlock Group for current terms and details.