down ...what did it mean... is this a rip off
2007-09-05 14:21:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
2 for 1 means simply you pay 2% of the laon amount to get 1% lower rate.
its an AD to get phones ringing and id say the rates must be high to intice you to buy the rate down! there are plenty of seller willing to do a rent to own on a home !
2007-09-05 15:36:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's an ad to attract attention. . .Be careful of people that will try to push you into something you don't understand or can't afford. Take the time to do all the research and then take the time to look it all over. This is a buyer's market because too many people are losing their homes as interest rates go up as well as taxes and insurance. Be sure you don't become one of the losers.
2007-09-05 22:04:48 · answer #2 · answered by towanda 7 · 0⤊ 0⤋
These signs are intended to get the phone to ring. Plain and simple.
The 2/1 buy down shouldn't even be on the sign. But it is a way to buy down the rate to help people qualify.
Ask a family member or friend/co-worker to refer you to a loan officer.
2007-09-05 21:52:10 · answer #3 · answered by DallasLoanGuy 2 · 0⤊ 0⤋
that's a croc
if you can rent it does not mean you can afford a home
despite the mess right now
unless you have stellar credit
and 20% down
and can afford no more than 38% of you income to housing
and one years worth of mortage reserves
you cannot afford a house
this is what got so many people into trouble
2007-09-05 22:47:41 · answer #4 · answered by Anonymous · 0⤊ 1⤋