Now, we're going to talk about some strategies for minimizing monthly payment when looking at possible properties to buy. Again, this is not a large list and is much smaller than the list we have for talking with lenders, but these can important considerations when trying to minimize monthly payment and maximizing cash flow.
How to Minimize Your Monthly Payment When Searching For Homes To Buy
- Ask James to send you the list of homes where the seller has said they’d be willing to pay Seller Points/Buydown to reduce the payments on the loan.
- Buying less home means you need to borrow less, so consider looking at homes in price ranges lower than what you maximum is to minimize your monthly payments.
See also How to Minimize Your Monthly Payment When Searching For Homes To Buy for additional detailed info.