In today’s real estate market, homebuyers often face challenges with rising mortgage rates and affordability. One financing strategy gaining popularity is the seller buydown. A seller buydown occurs when the seller of a property contributes funds to reduce the buyer’s mortgage interest rate for a set period or the entire life of the loan. This contribution is typically paid upfront at closing and credited toward the buyer’s mortgage, making the loan more affordable. For many buyers, this is the difference between being priced out of the market and comfortably affording a new home.

The... Read more

Buying a home is one of the biggest milestones in life, and it often comes with a mix of excitement and uncertainty. For many buyers, the biggest sticking point is interest rates. It is tempting to wait for rates to drop before committing to a mortgage, but in reality, waiting can mean missing out on the home that truly fits your needs. The phrase “date the rate, marry the house” has gained popularity among realtors, especially in competitive markets like California and Humboldt County, because it captures an important truth: interest rates are temporary, but the home you buy can shape your fu... Read more

From FreddieMac website how towork with lender to avoid/stop foreclosure:

Working With Your Lender to Stop Foreclosure
Have These Documents Ready
Have these on hand for the conversation with your lender:

Last two pay stubs and most recent tax return
For a self-employed borrower, complete signed federal income tax return for the previous year or year-to-date profit and loss statement.
Bank statements
Proof of other income like alimony or Social Security
Information about any second mortgage on the property
Completed Form 4506-T [PDF], Request... Read more