The True Impact of Interest Rates on Payments

Is it better to negotiate a lower sales price or buy down the interest rate? Discover the surprising impact of buying down rates and how it can lead to significantly lower payments compared to just reducing the sales price. Join us as we break down the numbers, revealing insights that could reshape your approach to property purchases and financing decisions.We cover all this and more as Mark answers questions ranging from refinancing, reverse mortgages, buying investment properties, and even reverse mortgages. this was an action packed showJen is in the studio keeping us all inline, woman-ing the anytime hotline and keeping Mark on task!Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005Call or Text us: 561-935-5474 (Main Office)Email: [email protected]:00-Intro02:18-CPI Data Released03:40-Rate buy down vs a lower price05:24-the path is in the math08:59-buying rental property with no income verification10:00-we’re back10:54-buying down the rate with out a seller contribution12:35-paying off student loans with a mortgage refinance14:21-is more money coming to hometown heros15:40-how does the landlord loan work17:49-rates too high to refi?18:50-we’re back 219:44-the timeline for selling by owner22:16-does a refinance restarts my mortgage24:04-I’m still on my exes mortgage can I still buy a house27:39-FHA saves the day for a single mom28:39-we’re back 329:39-selling a house that has a reverse mortgage31:09-using a reverse mortgage to help my grandkids buy a house34:34-how to maximize buying power when buying a house35:46-Free for sale by owner book36:31-paying off a judgement with a reverse mortgage38:03-wrapping it up