Question

Your buyer clients have plenty for a down payment and closing costs, and they'd like a lower interest rate than the going rate. How can they use some of their saved funds to get a better interest rate?

Answer 1

The can use some of their saved funds to get a better interest rate by: Buying down the interest rate.

What is buydown?

Buydown can be defined as the way in the a borrower pay a discount or a fees so as to receive an interest rate that is lesser or lower when they want to repay the amount borrowed.

Buydown is important as it gives borrower the opportunity to payback the amount lend to them at a lower interest rate.

Therefore the can use some of their saved funds to get a better interest rate by: Buying down the interest rate.

Learn more about buydown here:https://brainly.com/question/25545513

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