Interest Rate Buy Downs, Calculating Pre-Approvals, Crunching #'s on Loans w/ Realtor Robert Lunt

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Welcome to my channel! I'm Robert Lunt, your trusted realtor specializing in listings and new construction sales in the vibrant Florida market. Today, I'm excited to dive into the often-misunderstood world of interest rate buy downs and demystify the process of calculating pre-approval payment amounts.
Interest rate buy downs are a powerful tool in the real estate market, yet many buyers aren't fully aware of their potential impact. In this video, I'll walk you through the math behind interest rate buy downs and reveal surprising facts about how much difference slight fluctuations in interest rates can make in your monthly payments.
First, let's understand what an interest rate buy down is. Essentially, it's a strategy used by buyers to lower their mortgage interest rate and subsequently reduce their monthly mortgage payments. This can be achieved by paying upfront fees to the lender in exchange for a lower interest rate over the life of the loan.
But here's the kicker: even a seemingly minor reduction in your interest rate can lead to significant savings over time. I'll illustrate this point with real-life examples and break down the numbers so you can see the tangible benefits of utilizing interest rate buy downs in your home purchase journey.
Next, we'll tackle the crucial aspect of calculating pre-approval payment amounts. Before you start house hunting, it's essential to know exactly how much you can afford to borrow and what your monthly payments will look like. I'll guide you through the process step by step, making it easy for even beginners to understand.
By the end of this video, you'll have a clear understanding of interest rate buy downs, how they can benefit you as a homebuyer, and how to calculate your pre-approval payment amount with confidence. Whether you're a first-time buyer or a seasoned investor, mastering these concepts is key to making informed decisions in the real estate market.
Don't miss out on this valuable information that could save you thousands of dollars over the life of your mortgage. Hit the subscribe button and turn on notifications to stay updated on all my latest real estate tips and tricks. And if you found this video helpful, be sure to give it a thumbs up and share it with your friends and family.
Thank you for watching, and remember, when it comes to real estate, knowledge is power. I'm Robert Lunt, signing off until next time!

[@hhhbengal]

Been watching relocation videos for some time and this was one of the most informative I’ve seen regarding mortgages. Loved the explanations, examples and scenario options to research. Awesome work!! Thank you!

[@robertluntfloridarealestate]

Awesome I’m glad to be able to provide value.

[@dewanbageradorsho]

NICE