Here is how:
Purchase Price = $250,000

Selling Realtor—Tells the seller to expect to pay $3,000 to $5,000 in closing cost for the buyer because they are going to ask for it.

Buying Realtor—Gets the buyer to get pre-qualified and tell them how much to expect t in Closing Costs. The Realtor says, we can ask for this to be paid by the seller and they will pay it if they want to sell.

The costs between a regular 1% origination loan and a true NO COST Loan is usually 3/8th to 1/2% difference in rate. This means that if you could have gotten 6% with $5,000 in total closing costs, you could get 6.5% for $0. Why would you take a higher interest rate? If you don’t take the rate, you are saying that you know the mortgage market is at the lowest it will be in the next 5 years and it will never be any lower than it is now. The reason 5 years is important is because that is your PayBack period. That is how long it is going to take you to make up closing cost you paid $5,000 with the monthly difference in payment of about $81/month.

If you take the higher rate, then if the rates drop the day after you close, you can refinance and float down with the market for p and then Go Down and then Go Up and then Go Down), you will win.

So with the example above:

Seller—loses $5,000 off the asking price because an inexperienced Mortgage Broker or Banker told the buyer that this is what I can do.

Buyer—although they think they didn’t pay for it, they really did because they could have bought the house for $5,000 less. That means they are paying interest on $5,000 extra for the time they own the house and they have to pay it back when they sell.

Buyer—could have refinanced in the next 6 months and received the 6% they were willing to pay $5,000 to get for Free 6 months later when the market does what it normally does and that is (Go Up and then Down)

We have know this for years and this is why we bring so much value to all of our customers. We keep track of your mortgages for you for life. We do what makes sense. Even if you have just paid $5,000 for financing, we will still be able to put you in our system and call you when it is possible to save you money.

Call me directly for free consultation.
Phone: 704-597-9077
Contact Larry Thompson Click Here

Visit Venture Companies Website – Charlotte North Carolina Real Estate Experts

Hello again, and thank you for taking time and allowing me to share with you who we are at Venture Companies. Here is part 2 of this 4 part series on Who We Are and What We Do. If you missed part 1 (Venture Realty) please take some time to read it and understand everything we can offer you when Buying and Selling a home. Here is Part 2

1st Metropolitan Mortgage

We are a branch of 1st Metropolitan Mortgage and have access to every lender in the country. We are a wholesale broker, which allows us to get better pricing than any retail bank. We know the best loans available and pride ourselves with the ability to fit our clients into the loan that’s best for them. In some cases where you can not qualify now, we can coach you on what to do in order to qualify in 6 months.

We have a program that assures you will always get the best rate available. We manage your loans and if the rates do drop, we call you and drop your rate for you… and it is all FREE!!!! That is just part of the service we will provide for you.

We don’t believe in unnecessary fees or closing costs when they aren’t needed, so it is easy on you. We still make money on the loan, but more importantly you make a lot of money by not paying up front costs or any costs whatsoever. When the rates go down your rate goes right along with them.

Thank you again for your time, and keep looking for Parts 3 and 4 to follow shortly. Please don’t hesitate to contact us at Venture Companies or 1st Metropolitan Mortgage. (704) 597-3009