Should you buy down your mortgage interest rate? 🤔 Learn about the potential pitfalls and benefits in our new episode! Gain insights into making informed financial decisions. #HomeBuyingTips #MortgageAdvice #SellerConcessions #FinancialPlanning #BeyondThePaycheck #RealEstateSavvy
Can seller concessions really save you thousands? Is paying off your mortgage before retirement a smart move? In this episode of Beyond the Paycheck, Paula Christine joins forces with mortgage expert Marc Edelstein to tackle these questions and more. Together, they break down the benefits of seller concessions, reveal the truth about interest rate buy-downs, and share tips for planning a stress-free financial future. Whether buying, refinancing, or deciding when to pay off your home, this episode will help you make more intelligent, confident financial decisions.
Marc Edelstein is a trusted loan officer in metro Detroit. He is passionate about helping clients make smart mortgage decisions. Known for his clear, practical advice, Marc tailors solutions to each client’s financial goals. He leverages his years of experience to simplify homeownership and empower buyers to succeed.
Get in touch with Marc Edelstein:
Website: https://www.thatmortgagebanker.com/
LinkedIn: https://www.linkedin.com/in/maedelstein
Email: medelstein@rossmortgage.com
Phone: 248-379-6749
Episode highlights:
(0:00) Intro
(1:22) The scenario: Seller concessions on a $300,000 house
(2:30) How to use $9,000 in concessions wisely
(6:00) Breaking down interest rate buy-downs
(10:30) Why flashy social media advice isn’t always accurate
(17:30) When refinancing makes sense
(23:00) Should you pay off your mortgage before retiring?
(25:30) Planning your retirement lifestyle
(28:48) Outro