Primary Home Mortgage

[Praveen Balaji]

Hello forum.

I am looking to upgrade to a SFH in the Fremont/Milpitas area and am looking for a way to finance the purchase. Here is my situation:

1. About 10-15% downpayment available in cash

2. Planning on selling current townhome to purchase

3. Looking for creative mortgage options like 3-2-1 buy down, mortgage recast etc. to save on points, mortagage rate etc.

4. Excellent credit

If you can help finance or know someone who can, please reach out to me.

Regards

Praveen

[Matthew Kwan]

HI Praveen,

Are you planning to buy it as a primary/investment property? Are you selling your townhome as an investment property? If yes, perhaps you can do a 1031 on it. 

1-0 buydown typically 0.875% of the loan amount to lower the rate

1-1 buydown 1.5% 

2-1 buydown 2.375%

 3-2-1 buydown 4.5%

Happy to connect and help address your scenario.

@Albert Bui @Carlos Valencia