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Business Partner Update
Trey Camp
Edge Home Finance LLC
Tuesday, October 6, 2026
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Temporary Buydowns — Mortgage Update for Realtors
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From Your Lending Partner
The 2-1 Buydown Is One of the Best Negotiating Tools You're Not Using
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Seller concessions used to mean price reductions. In this market, the smarter play is a temporary buydown — and it's one of the best tools I have to make a deal work for everyone. Here's how it works: the seller contributes funds at closing that temporarily reduce the buyer's interest rate. A 2-1 buydown means the buyer pays 2% below the note rate in year one, 1% below in year two, and the full rate from year three on. On a $400K loan at 7%, that's a first-year payment closer to a 5% rate — a difference of about $500/month. Buyers love the cash flow relief in those early years. Sellers get a cleaner deal without a price cut that affects their comp. And you get a transaction that actually closes. I can model this for any buyer in a few minutes. If you're negotiating a deal right now and the payment gap is the issue, a buydown conversation might be exactly what's needed.
I'll run a buydown model for your active listing or buyer today — just reach out.
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HousingWire
Industry leaders weigh in as CRMLS seeks to stop Compass from challenging MLS rules in court
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Mortgage News Daily
Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual appreciation than in their previous readings. The gains remain relatively modest by historical standards, and while nominal prices are still moving higher nationally, the picture looks considerably less impressive after accounting for inflation. The FHFA H
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HousingWire
Planned tech development is expected to bring even more buyers to upper New York
Read full article →
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Did You Know?
USDA Guaranteed Loan
Zero down in eligible suburban and rural areas.
USDA guaranteed loans offer 100% financing to income-qualifying buyers purchasing in eligible areas — which often includes suburban communities within 30–45 minutes of major metros. No down payment, no monthly PMI.
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✓Zero down payment required
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✓No monthly mortgage insurance (just a small upfront fee)
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✓Competitive 30-year fixed rates
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✓Geographic eligibility broader than most agents realize
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Share With Your Buyers
Homeownership After Closing
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1.
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Set up your mortgage autopay immediately — a missed payment hurts your credit fast.
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2.
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Keep 1–3% of your home's value in an emergency maintenance fund for repairs.
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3.
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Refinancing may make sense if rates drop 0.5–1% or more from your current rate — check in annually.
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4.
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Your home equity grows with every payment and every dollar of appreciation — track it.
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5.
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Review your homeowner's insurance annually to make sure coverage keeps pace with replacement costs.
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Tip of the Week
Consider a 15-year mortgage if the payment fits your budget — you'll pay significantly less in total interest.
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5860 Baker Road Minnetonka, MN 55345, Individual NMLS# 1377038, Company NMLS# 891464 Equal Housing Opportunity · 361.232.9117 · loansbytrey.com · NMLS# 1377038 · Company NMLS# 891464
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