Friebis & Associates - Accountants

12/27/2023

12/14/2023

11/20/2023

Did you know that for the first 1-3 years of your mortgage, you could potentially have a lower interest rate than the one you initially locked in? 🤩

A temporary buydown is a mortgage loan option in which the seller reduces the interest rate for the first 1-3 years of the homebuyer’s loan.

This can be a great tool for the seller, too, because it allows them to sell quickly without dropping the listing price.

Visit the blog to learn more about how a buydown works ➡️ https://bit.ly/40JrxtD

09/17/2023

Want to buy a house, but aren’t thrilled with where rates are at? Consider a temporary interest rate buydown.

Here's how it works. You'll lock in an interest rate, then it will be reduced by 2% for the first year. For the second year, your original interest rate will be reduced by 1%. Then, in year three and going forward, you'll have that original interest rate. There's no extra cost for the homebuyer — it's covered by the seller.

This example features a 2-1 buydown, but Waterstone Mortgage also offers 3-2-1 and 1-0 buydown options.

Learn more about how this could potentially help you save on your mortgage payments: https://bit.ly/460CKay

09/01/2023

Hurricane Idalia victims in Florida now have until February 15, 2024, to file various individual and business tax returns and make tax payments. Learn more: https://ow.ly/EP3G50PGsTF

07/01/2023

Student loan debt: the topic on many Americans’ minds lately.

If you’re a homeowner with student debt, you could potentially utilize the equity in your home to pay off your student loans with a cash-out refinance.

Without a monthly student loan payment, you can free up some cash each month and improve your debt-to-income ratio. Plus, some of the traditional fees associated with a cash-out refinance are waived for this program.

Visit the blog to learn more about how this works, or send a message and we can go over your options. https://bit.ly/42td3gM