An interest rate buydown is essentially a way for new home buyers to get a lower interest rate on their mortgage loan. The basic idea is that the buyer, or sometimes the builder, pays a fee to the lender to "buy down" the interest rate for a set period of time, usually the first few years of the loan. This fee can be paid upfront in a lump sum or in installments, and it serves to reduce the monthly mortgage payment for the buyer during that initial period.

Now, why would anyone want to do this, you might ask? Well, there are a few reasons why this can be a really beneficial option for new home buyers. Firstly, having a lower monthly mortgage payment during those early years can make a huge difference in terms of affordability and financial stability. Imagine, you just bought your first home and all of a sudden, you have a lot of other expenses to cover - furnishings, utilities, maintenance, you name it! So, if you can reduce your monthly mortgage payment, it can ease the financial burden and give you some much-needed breathing room.

And that's not all! A lower interest rate can also result in a lower total cost of the mortgage over the life of the loan. This means that, even though you'll be paying a higher monthly payment later on when the buydown period ends, you'll still end up saving money in the long run. Think about it this way, if you have more money in your pocket each month, you can put it towards paying off other debts, saving for the future, or investing in other things. So, if you're a new home buyer, an interest rate buydown might be a great option to consider!

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So, the Chenoa Fund is a pretty cool program for first-time homebuyers who are having trouble coming up with a down payment. It's run by the CBC Mortgage Agency, a non-profit organization, and what it does is give you a little helping hand by offering a forgivable second mortgage.  

This second mortgage can cover a portion of your down payment and closing costs, making homeownership more achievable for those who might have been struggling with the upfront costs. And the best part? You don't have to pay it back as long as you live in the house as your primary residence for a certain amount of time. 

So, not only does this program make buying a home more accessible, but it also helps you build equity in your home faster. Overall, the Chenoa Fund is a great option for first-time homebuyers looking to overcome the down payment challenge.

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Want to quit your 9-5 and become an entrepreneur? This podcast is for you! It includes my personal story about how to transition from your 9-5 with no fluff, just practical steps from the trenches. My goal is to show you how o turn your side hustle into your main job in a smart and tactical way.

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Ready to begin your real estate  journey? 

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Be sure to subscribe to the podcast on youtube and wherever you listen to podcast content. The Wins, The Losses, & The Life You're Building In Between. This podcast is dedicated to seasoned #Realtors, New Agents, & Those who are connected to the industry in any way. I am your host Marvin Orieh @SoldByMarvin a Licensed REALTOR® in Atlanta, Georgia.

Each episode seeks to provide some actionable nugget, motivation, or insight on how to build and maintain a sustainable Real Estate Agent business while still enjoying a quality life in the process. 

Send Any Mail Here:  P.O. Box 69 Grayson,GA 30017

Disclaimer: Some of these links are affiliate links, which means I may get a commission if you purchase. However, none of the fees of these resources have been increased to compensate me. In fact, many of these have given me special discounts that I get to extend to you!

When it comes to buying a home, it's important to avoid common regrets that many people experience. One of the biggest regrets is not doing enough research on the area before making a purchase. It's crucial to check out the crime rates, the quality of schools, and the overall community vibe before committing to a home in that area. Not only will this help ensure you love your new neighborhood, but it can also prevent you from losing money if you need to sell the home down the line.  Another regret to look out for is overspending on a home. It's easy to get caught up in the excitement of homeownership and overspend on a house that's beyond your budget. 

This can lead to financial stress and the inability to enjoy your new home. Before you start shopping, make sure you have a clear idea of what you can afford and stick to your budget. It's also a good idea to get pre-approved for a mortgage so you know exactly how much you have to work with. This way, you'll avoid overspending and ensure you can comfortably make your monthly mortgage payments for years to come.  

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If you're in the market for buying or selling a property, then it's a good idea to have a realtor by your side. Not only will a realtor have the inside scoop on the current real estate market, but they'll also be able to help you navigate the process from start to finish. With their years of experience and expertise, they'll be able to guide you in making informed decisions and negotiate the best deal possible.

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Everyone is always on the lookout for a new way to bring passive income into their lives. Are you that real estate agent?  If so, I'm here to tell you that YouTube is the way to go.  In this part 2 conversation with Will Higgins we'll talk about how you can start making videos, and convert them into cash through YouTube.  This is how it happened!

-

Are You a Real Estate Agent? Partner with Me today!  https://calendly.com/iammarvintherealtor

Will's Info

Website: https://www.higginsrealestategroup.com

Instagram: https://www.instagram.com/willhiggins__

Interested in all things real estate? All it takes is a relatable story and the ability to connect with people on a human level. Subscribe to this channel for my best practices as a real estate business owner.

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The Agent Equity Academy:   Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source:  You are in for a treat if you’ve enjoyed this channel and the content around building your business into something special. We are taking it up a notch in 2022 with content surrounding real estate,sales,entrepreneurship.

Subscribe for more!

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In  this convo clip I spoke with my business partner and fellow realtor Will Higgins. He is a rockstar agent out in chino hills california and for Part 1 of our two part convo we discuss how to make passive income on autopilot using the power of youtube. Enjoy!  Are You a Real Estate Agent? Partner with Me today!  https://calendly.com/iammarvintherealtor

Are You a Real Estate Agent? Partner with Me today!  https://calendly.com/iammarvintherealtor

Will's Info 

Website: https://www.higginsrealestategroup.com

Instagram: https://www.instagram.com/willhiggins__

Interested in all things real estate? All it takes is a relatable story and the ability to connect with people on a human level. Subscribe to this channel for my best practices as a real estate business owner.   

GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://marvinorieh.com/newsletter

The Agent Equity Academy:   Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source:  You are in for a treat if you’ve enjoyed this channel and the content around building your business into something special. We are taking it up a notch in 2022 with content surrounding real estate,sales,entrepreneurship. 

Subscribe for more!

👉🏼Support the show by visiting our Merch Store (use code "podcast" for 10% off your entire purchase)- https://MoreThanARealEstateAgent.com   

👉🏼Get 35% off your Real Estate Express course using my link https://www.talkable.com/x/4FTQuG

Do you struggle to figure out what to do in order to create content for your real estate business? Use this simple script in order to get carte blanche to virtually any listing in your market.   My favorite phone gimbal stabilizer(affiliate link):https://amzn.to/3UUxTmv

Interested in all things real estate? All it takes is a relatable story and the ability to connect with people on a human level. Subscribe to this channel for my best practices as a real estate business owner. Thanks for checking out  Agent Equity Media on YouTube!

Our passion is helping purpose-driven real estate agents & investors build their influence with online video.  On this podcast, you'll find our weekly "Agent Equity Podcast" covering topics such as email marketing, real estate advertising, digital courses, and advanced social media strategies.

Visit the website www.AgentEquity.Co for more  Follow Us on Social Media: https://www.instagram.com/agentequitymedia/

On this podcast, you'll find our weekly "Agent Equity Podcast" covering topics such as email marketing, real estate advertising, digital courses, and advanced social media strategies.

Here are the ways to work with us here at Agent Equity Media:

⚡️FREE CLASS: Watch our FREE YouTube class here: http://AgentEquity.co

⚡️Follow us on social media @AgentEquityMedia

⚡️Are you a Real Estate Agent? Partner with us today and 10X your business with free coaching, 50+ hours of training per week, quality lead gen and more:https://AgentEquity.Co/join

⚡️COURSES/ COACHING / MASTERMINDS: Learn about our online courses and in-person events by talking to on of team members.

Grab a spot on our calendar for a 15 min discovery call: https://calendly.com/iammarvintherealtor

Each episode seeks to provide some actionable nugget, motivation, or insight on how to build and maintain a sustainable Real Estate Agent business while still enjoying a quality life in the process.

Send Any Mail Here: Agent Equity Podcast C/O Agent Equity Media P.O. Box 69 Grayson,GA 30017

For today's podcast from out youtube channel I breakdown how to make hundreds of dollars every day before your first closing. There are multiple ways to use your real estate license to generate income daily. This video is just the tip of the iceberg. 

My favorite phone gimbal stabilizer(affiliate link):https://amzn.to/3UUxTmv

Interested in all things real estate? All it takes is a relatable story and the ability to connect with people on a human level. Subscribe to this channel for my best practices as a real estate business owner. Thanks for checking out  Agent Equity Media on YouTube!

Our passion is helping purpose-driven real estate agents & investors build their influence with online video.  On this podcast, you'll find our weekly "Agent Equity Podcast" covering topics such as email marketing, real estate advertising, digital courses, and advanced social media strategies.

Visit the website www.AgentEquity.Co for more  Follow Us on Social Media: https://www.instagram.com/agentequitymedia/

On this podcast, you'll find our weekly "Agent Equity Podcast" covering topics such as email marketing, real estate advertising, digital courses, and advanced social media strategies.

Here are the ways to work with us here at Agent Equity Media:

⚡️FREE CLASS: Watch our FREE YouTube class here: http://AgentEquity.co

⚡️Follow us on social media @AgentEquityMedia

⚡️Are you a Real Estate Agent? Partner with us today and 10X your business with free coaching, 50+ hours of training per week, quality lead gen and more:https://AgentEquity.Co/join

⚡️COURSES/ COACHING / MASTERMINDS: Learn about our online courses and in-person events by talking to on of team members.

Grab a spot on our calendar for a 15 min discovery call: https://calendly.com/iammarvintherealtor

Each episode seeks to provide some actionable nugget, motivation, or insight on how to build and maintain a sustainable Real Estate Agent business while still enjoying a quality life in the process.

Send Any Mail Here: Agent Equity Podcast C/O Agent Equity Media P.O. Box 69 Grayson,GA 30017