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Should I ask the seller to buy down my mortgage rate?

… … Buying down your mortgage rate is a way to lower your … cash at closing and sometimes a seller will cover a rate buy down through a closing credit according to our experts … interest rate is still fairly rare but it demonstrates how much the high interest rate environment is impacting …

By Celia Young |March 25, 2024 - 3:29PM
 

Meet our Experts

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Jonathan Miller
Appraisers
President
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Deanna Kory
Real estate agents
Real Estate Agent
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Sam Himmelstein
Sam Himmelstein
Real estate lawyers
Partner

Sam Himmelstein, Esq., represents NYC tenants and tenant associations in disputes over evictions, rent increases, rental conversions, rent stabilization law, lease buyouts and many other issues.

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Dean M. Roberts, real estate attorney
Dean Roberts
Real estate lawyers
Partner

Dean Roberts is a real estate attorney specialiazing in co-op and condo law at Norris, McLaughlin & Marcus in Manhattan.

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Ryan Greer
Mortgages
Senior Vice President

Ryan Greer is the Senior Vice President and mortgage loan officer at National Cooperative Bank in Manhattan.

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Anna Karp
Renovation
CEO and Co-Founder

Anna is a general contractor and the CEO and Co-Founder of Bolster, a data-driven design-build firm on a mission to eliminate risk from major home renovations through radical transparency.
 

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Christopher M. Tarnok, Esq
Christopher M. Tarnok
Real estate lawyers
Partner

Christopher M. Tarnok, Esq., represents New York City property owners and condominium and cooperative boards in all real estate and construction related matters including litigation, transactional matters and the negotiation of construction and access agreements for residential and commercial projects.