Understand the market. Plan your next move.

Buyers generally qualify at the full note rate. They should be able to afford that payment without counting on a refinance. Future rates, qualification and refinancing costs are uncertain.

Keith suggests asking Troy Borkowski at American Financial Network about available options (see the mortgage buydown page, or try the buydown calculator). Confirm current terms, eligibility, APR, costs and funding directly with the lender; this example is not a verified AFN offer or rate quote.

At $400,000, a 3% credit is $12,000; 6% is $24,000. At an unchanged price, every dollar of seller credit reduces your net by a dollar. Compare the complete offer.

A higher negotiated price may offset some credit only if the buyer, lender and valuation support it. A lender commonly bases financing on the lower of price or appraised value; raising the price does not create appraisal support.

Keith’s planning estimate is 5–7 months, with timing varying significantly. Commissions and closing costs may be paid from lender-approved proceeds, but no out-of-pocket cost or contribution waiver should be assumed. Obtain written approval addressing any remaining debt; credit and possible tax consequences need individual advice. A short sale is not guaranteed to cause less credit damage than foreclosure.

Early price discovery can help produce a supportable offer. Approval, title clearance and closing still require separate work.