David Saks: June 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2231

                                                            #2231

A buydown is not an option when the lender is considering a way to help a buyer qualify for a loan.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The buydown will allow a third party or the seller to pay a sum to the lender which will lower the buyer's interest rate on the loan.

By creating a reduction in the borrower's intitial payment it will make it easier for the borrower to qualify for the loan.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • June 24 2013 03:09AM
Real Estate Practice : Lesson 2231
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