Discover the Deal Saver: RateStar Buydown
Buy Down Your Borrower’s MI Premium Payment
When borrowers are rate-shopping, you need all the flexibility you can get to save the deal.
RateStar BuydownSM is a unique tool that gives lenders the ultimate flexibility — by creating options that benefit borrowers as much as a lower interest rate.
Why Is It the Deal Saver?
Delivers a Lower Monthly Payment
Even borrowers focused on interest rates care most about a lower monthly PITI. With RateStar Buydown, you can make that happen by:
- Creating a customized MI payment for your borrower.
- Buying down the MI premium using a gift or grant.
- Leveraging all unused seller concessions and borrower funds so no money is left on the table.
Differentiates Your Business
RateStar Buydown is the only MI buydown tool available. It’s easy to experiment with different combinations of upfront and monthly payments to identify the perfect solution for cost-conscious borrowers.
Homebuyers will appreciate the extra flexibility you offer. Stand out in a crowded marketplace and collect more referrals.
Defends Against Deal Breakers
- Allows more loans to meet DTI requirements for GSEs’ AUS approvals.
- Gives you the MI payment flexibility to mitigate a competitor’s lower interest rate.
- Helps borrowers qualify for a larger loan amount to manage an appraisal gap.
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