Written by 7:26 am Finance and Insurance, Sellers

Worried Interest Rates Might Limit Your Pool of Buyers?

Howard Hanna Has the Answer.SM

It’s no secret that the housing market is changing. Interest rates have risen, but selling your house doesn’t have to be a challenge. With our Rate Reducer program through Howard Hanna Mortgage Services, we can help you attract the best price and terms for your home. 

With Rate Reducer, buyers can temporarily receive a lower interest rate today. Offering a 24-month reduction helps you preserve the equity you’ve built in your home and helps you sell for a highly competitive price.

How Does It Work? 

The Rate Reducer program uses what’s called a 2-1 buydown that provides buyers a low-interest rate for the first year of their loan, a somewhat higher rate for the second year and the full rate for the third year and beyond. 

As part of the purchase agreement of the home, the seller or builder will cover the cost difference between the buyer’s payment and the adjusted bought-down payment of the loan. Your agent can help you enroll in the Rate Reducer program and negotiate a buydown option for your buyer. 

What Are the Benefits? 

The Rate Reducer program is truly a win-win for both buyers and sellers. As a seller, the program can help you: 

  • Make your move faster 
  • Avoid the stigma of a price reduction 
  • Attract buyers

At Howard Hanna, we’re committed to helping you attract the best price and terms for your home. We offer a one-stop shopping experience for both buyers and sellers, and we can help you navigate every step in the real estate transaction. 

If you’re interested in selling your home and want to learn more about our Rate Reducer program, contact a Howard Hanna agent near you. Our agents are ready to explain more about the program and help you make the best choice for you and your home.

Howard Hanna Mortgage Services NMLS# 101561: Terms and Conditions apply. Howard Hanna Real Estate Services is not a mortgage lender. Contact Howard Hanna Mortgage Services for mortgage products and eligibility. Offer of credit is subject to credit approval. 800-400-4622 howardhannamortgage.com

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Last modified: August 1, 2023