{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/94288c015290485589fe90837aae2568\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/94288c015290485589fe90837aae2568-5f1b2b4138ab3166.gif","duration":284.609,"title":"Creating Homebuyer Affordability With Rate Buydowns","description":"This Loom explains how to improve mortgage affordability using lender rate buydowns and seller concessions instead of relying only on price reductions. Using a Long Beach property example listed for 24 days, the speaker compares a 6.625% rate with a 5.75% buydown at 20% down, showing the monthly mortgage payment drops from about $973 to about $862, saving roughly $862 per month. They estimate the rate buydown costs about $39,000 in seller credit versus a $50,000 price reduction, which would reduce the payment by about $388. The Loom argues that rate buydowns create affordability and increased buying power, potentially letting a buyer qualify with about $37,000 less annual income."}