They'll start laughing and ask you what planet are you from.
Let's Negotiate...
PV-Amortg-PMTs-Interest rate to be negotiable
Can you do these terms in today's market....
Examples
$825,000, 5% Int, 30 yrs = $4,844.23
$825,000, 5% Int 35 yrs = $4,468.02
$820,000, 5% Int 35 yrs =$4,442.79
$825,000, 4.5% 30 yrs =$4,635.48
Can we split 50/50 buyer / seller closing costs, All Cost. Can we work out a down payment.
Can I have first six months payments going all to principal $26,400.00 forget about the interest for 6 months. Will you just work something out with me.
Can we talk about a non-traditional down payments etc. to make this work, I know you'll need a down payment. I just don't feel good about a traditional lender percentage.
Here is a fun example to ask your lender...
$825,000, 5% Int, 30 yrs = $4,844.23 with 9 month forgiveness on the interest. At the end of the 9 months your balance would be $781,140.93. Ask a traditional lender to do that, that won't happen.
You can ask your lender to have the last 5 yrs of the loan to be ALL principal, no interest. Ask traditional lender to do that.
If the lender won't consider the above, you can ask, why 7.25% and higher interest rates. I need this house at 5% interest and better terms. The lender will say, watch this video....
$825,000 at 7.25% for 30 years with
a monthly payment of $5,897.69
National Association Of Realtors Rates 9-14-24
HomeBased Realtors
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Here is a possibility!
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