Most buyers don’t know this secret: You can negotiate your mortgage rate and down payment. Find out how creative financing makes it possible.
Have you ever wished you could set your own terms when buying a house? Here’s a little secret most people don’t know: there’s an option called creative financing that changes everything. Let me tell you all about it.
What is creative financing? Instead of the bank deciding your down payment, interest rate, and all the fine print, you get to make the terms. It’s your deal, your rules, and it can open the door to opportunities you didn’t think were possible. It’s about flexibility and keeping more control in your hands.
Traditional bank terms aren’t always the best. Right now, traditional bank rates are sitting between 7% and 8%. For many buyers, that’s a tough pill to swallow because it means higher payments and less buying power. If you’re tired of being told, “This is the rate, take it or leave it,” then creative financing is right here to be a game-changer.
“With creative financing, you set the down payment, rate, and terms—not the bank.”
Cutting the rate and the down payment. Just last month, I worked with a client who was looking at one of our high-rise units. Instead of going the traditional route with 20% down, we structured a deal where they put less money down and avoided the bank’s high rates. We negotiated their rate to just 5.7%. That’s a big difference from the usual 7% to 8% rate, and it saved them a lot over the life of the loan.
While this client bought a high-rise, these strategies work just as well for single-family homes. In this case, it was their second home in Las Vegas, and they were able to move forward without being buried by a traditional bank loan.
The truth is, a lot of people—buyers and even many Realtors—simply haven’t been educated on creative financing. Because it’s not the standard “cookie-cutter” process, it often gets overlooked. But when you understand it, you open up a whole new world of possibilities for buying a home. With creative financing, you can negotiate better terms, lower your interest rate, and create a payment plan that fits your needs.
If you want to explore how creative financing can work for you, reach out to me. Just call or text me at 702-608-5723 or send an email to johnny@therichardson.group.com.
