Recent buyers are thinking creatively about lowering mortgage payments as rates approach 7%. 45% secured rates below 5% by utilizing unique financing strategies.
Amanda Pendleton highlights that buyers should explore options like boosting credit scores, down payment increases, or nontraditional loans to minimize costs.
The dynamics of today’s real estate market are driving both buyers and sellers to innovate, with sellers offering financing solutions to attract more buyers.
Homeowners are encouraged to look into various methods such as rate buydowns, using rental income, or shorter-term loans to keep payments manageable.
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