Understanding Letters of Credit: Definition, Types, and Usage
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Seller Financing in a Real Estate Transaction
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In a perfect scenario you can get both a price reduction and seller credit. If I had to choose between the two, I’d take the credit. Why? There are more things you can do such as buy down your rate permanently or do a 2-1 buydown, get closing costs covered, and if you’re going conventional (ideally your putting 10% down) you can use the credit to buy out your PMI!!! In all my TikTok Lives I get asked, “What is Seller Credit?” Seller credit, also known as seller concessions, is a financial arrang
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