May 14th, 2009 Phyllis Wolborsky Posted in Raleigh, Raleigh real estate

Maybe you are looking to purchase a larger, nicer home in the Raleigh area but would also like to enjoy a lower monthly mortgage payment? There is a new program available that may let you do just that.

The Allen Tate Rate Relief* program offers buyers a unique program centered on seller-funded preferred financing.  This is a great opportunity for those who would like to take advantage of lower monthly payments.  The seller of the property guarantees to pay up to 3 percent of the purchase price of the real estate to buy down the interest rate by one percent.

By doing this, the buyer receives a lower monthly payment and needs less income to qualify for a loan or financing.  You , the buyer can also deduct the seller’s points from your taxes in the year that the property was bought.

Ask Phyllis about homes in the Raleigh area that are offering Rate Relief.

*certain conditions apply