The 10K Trick

01 
You're about to buy a home and you're thinking: "Should I offer $390K instead of $400K just to save a little?" 
But what if you flipped the strategy? What if you offered full price, but asked for something even smarter? 

02 
The Hack 
Instead of offering $390K, offer $400K - but ask the seller for a $10K concession to help you buy down your rate. Here's how it plays out: 
2.5 points = $10K 
Interest rate drops from 7% > 6.38% 
Monthly payment goes from $2,661 > $2,497 
That's $164/month back in your pocket! 

03 
When you buy mortgage points: 
1 point = 1% of your loan 
Each point drops your interest rate ~.25% 
So instead of trying to shave off a few thousand on the offer price...
You're building long-term savings into your loan. 

Thinking of buying soon? 
Run the numbers for your own situation using a mortgage points calculator - or better yet let's talk!

Most buyers try to negotiate the price.
Smart buyers negotiate the terms.

This is one of my favorite strategies to help buyers save more long-term — even if they pay full asking price.