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Nik Shah

CEO at Home.LLC
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Founder & CEO at Home.LLC

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  • Unlocking Homebuying Power: The Impact of Buying Down Your Mortgage Rate
    Nik explains that buying down an interest rate involves paying an upfront fee to reduce the mortgage rate, enhancing homebuying power by lowering monthly payments. For a $200,000 loan, buying one point costs $2,000, reducing the rate by 0.25% and saving $11,503 over 30 years. This strategy is beneficial for long-term homeowners seeking significant interest savings.
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  • It makes no sense to get a low down payment loan from FHA, VA, or USDA. They'll loan you 95% to 105% of the property value plus charge you fees. They'll make you house rich but cash poor.

    Instead, get down payment assistance from Home.LLC. They will give you a debt-free investment plus they'll share a portion of your losses. It's a win-win!

  • We are not in a housing bubble as there are very few signs of a housing bubble. Unlike pre-2008, banks are underwriting conservatively, wages are increasing, the population is increasing, home equity is increasing, and the supply of inventory is quite low.

  • Yes, rising interest rates might slow down home sales but we still expect home prices to continue pushing upward.

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