Realtors, If your buyers are on the fence because of high mortgage rates, this new program can help!

As mortgage rates rose last year, we saw buyers move over to the sidelines. But letting them know about this program we recently announced might just be the thing that gets them back in the market and out looking.

Because markets are expecting rates to come down significantly in 2023, there is a high likelihood that anyone buying a home in the next few months is going to be refinancing at some point in the near future.

So CrossCountry Mortgage recently announced that for any buyer who closes on their new house between Jan 3 and April 15, 2023, we are waiving the lender fees (up to $1500) on their refinance. This isn't being made up in the rate…this is a true saving on the client's second set of closing costs!

This gives the buyer the best of both worlds…buying when they can get the house for a better price AND getting a low-cost refinance when the rates go down!

It's a good idea to remind them that as inflation and mortgage rates come down this year, the buyers are going to be jumping back into the market and we are likely to see a seller’s market again. So the time to buy is BEFORE the rates go down and then just refinance with this program that greatly reduces the cost of the refinance!

Call me anytime to discuss this topic further, or if you simply have a mortgage question.