video1.0<iframe src="https://www.loom.com/embed/94288c015290485589fe90837aae2568" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/94288c015290485589fe90837aae2568-5f1b2b4138ab3166.gif284.609This 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.