5 Incentives Sellers Can Offer Buyers in Moreno Valley

5 Incentives Sellers Can Offer Buyers in Moreno Valley: If you are selling your home and concerned about sealing the deal, here are five incentives sellers can offer buyers to sweeten the deal and close escrow.

1. Pay the Points or Buy Interest

Points are the financing costs for the mortgage lender charges to originate the loan. Paying a point reducing closing costs by one percent of the mortgage value, thus paying one point on a $200,000 home is worth $2,000 in closing costs that may have been otherwise financed into the loan. You can also buy the interest down in a similar fashion, buy paying a point toward the reduction of the loan’s interest rate. This helps the borrower for the life of the loan.

Check out the rest of the tips at the link above.