Do you remember your first kiss, that feeling or sensation you had was the feeling of levitation. It felt amazing, your brain couldn't process all the emotions your body was confused but hyper sensitive to this new and unique feeling! That's the same feeling you get when you buy your first home. It's amazing, its new, your brain can't process all the emotions and you have a hyper sensitivity to everything around you. Its truly a great feeling!
Today I want to share with you the most revolutionary way to purchase your first home while paying much less than if you were to just get the plain vanilla loan. You will want to tune out everything else for just a moment because if you don't catch this it can cost you thousands of dollars.
When you purchase your next home and get a Houston TX mortgage I want you to apply some of your seller contribution to buying down your interest rate! Most sellers are willing to contribute between 3 and 6 points to your closing costs. What I am telling to do is take some of those points and use them to reduce your rate instead of using them for your traditional closing costs. You will get a 3 to 1 benefit by doing this. So for every 1 dollar spent to buy down your mortgage you will reduce your cost by 3 dollars.
Most people getting a Houston mortgage won't consider doing this because no one will advise them of this option. You see its not that it's a bad decision its that you haven't met a loan officer that has such a deep understanding of how the numbers can affect your costs.
When you start your process of purchasing a home you should get pre-approved. During the pre-approval process you will be advised on the best way to accomplish these huge savings that will drop your mortgage cost by tens of thousands of dollars versus just a few thousand.
If you don't do this you will find yourself in 10 or 15 years wondering why you can't afford to put more money away for retirement or why you can't afford that new shiny sports car you always wanted. Don't let that happen to yourself. Instead, picture yourself implementing this strategy so you can see the savings immediately. You could start putting your extra monthly savings in to retirement NOW. You could start to save for your son or daughters college NOW and still get that beautiful new home!
Talk to an expert so you can levitate when you buy your new home and get your Houston mortgage.
Brad Notter is part of the Brad and Denise Team at http://houstontxmortgagelender.com/ providing Free Expert analysis of you're home loan finance needs. We have many Free Online Workshops to help you Sell or Buy YOUR next Home. You can attend one of our many workshops at http://houstontxmortgagelender.com/free-online-workshops/ or feel free to email me at brad@houstontxmortgagelender.com
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