3 Ways to get a 4% Mortgage Rate Today (2024)

Are you a high-paid W2 employee, working 9 to 5, uninspired, and looking for financial freedom?

On this channel, we only focus on THE MOST IMPACTFUL concepts that significantly move the needle toward financial freedom:

—— Description of the video —————————————
There are still ways to get lower interest rates even in the high-interest rate environment that we face today.

I just want to share a few options that could help you buy a property with lower rates, which could be a huge game-changer!

00:00 Why Are Interest Rates Important
00:57 Option 1: Rate Buydown
03:56 Option 2: Seller Financing
08:00 Option 3: Subject 2
11:06 Schedule a 1-1 Call!

—— ☎️ SCHEDULE A 1-1 STRATEGY CALL ☎️ ————

—— 📚 FREE RESOURCES 📚 —————————————

—— FOLLOW FOR MORE ————————————————

—— DISCLAIMERS & DISCLOSURES ——————————
This content is for educational and entertainment purposes only. Michael does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

[ryanwilliams]

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

[Brandon]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[zack]

In summary

1. find someone rich enough to move out of their house and issue it to you in the form of a loan at a convenient rate for you.
2. find someone poor enough who's going to foreclose on a house and assume their loan for them.

Mainly, if you don't want to get the average rate don't go through a bank.

[threatlevel_TACO]

Im using a VA loan. Zero down in TX.

My mortgage quote for a 349k property was $3300/mo at 7.25%. I pulled out in the option period. Its ridiculous.

[InvestLikeMike_]

Also - JUST CLOSED on a property with a 2.75% interest rate AND $70k if seller financing at 0% interest for 30 years! I’m telling you guys - subject to is amazing!

[joeyjojojunior]

I believe the interest rate in the late 70s and early 80s was 10-14%.

JC.

[Mikeybdarealest]

Closed in June with a 3.25 interest rate due to seller financing

[JR-eqjz]

Only an idiot would loan their house at 4% when they could earn 5.4% risk free in bonds. That would be pretty funny to find a seller this desperate to unload a house.

[neilaleksandrov]

The reason most loans come from banks is that banks take on a big enough number of loans to safeguard themselves from failed loans. With the option youre presenting your are asking an individual to assume the risk of non repayment fron another individual. Those are NOT good odds

[HEC]

There is an assumable loan in my area for 2.75% but the house is old and would need a complete remodel, I don’t think it’s worth it if I have to take out 100k to pay them off and also remodel home…thoughts ? They purchased home in 2021 for 275k va loan, they want 320k for it so not much equity imo

[yafaheem]

awesome to see how you're channel has grown. Thanks for all the advice. Are you still working with Asish Acharya as your tax person? Thanks!

[kuldeepsahota]

How do you find these SUBJECT TO properties ?

[silvera]

How/where do you find Subject 2 properties? I'm guessing there is not much of these in a hot market like bay area?

[loisscudero]

Paying additional points is paying prepaid interest upfront

[gerry]

On seller finance - Everyone wants their money today so good luck with that ! This likely isnt happening in the "working class" world.

[tiffanyonwudinanti]

Great video Mike! I see the growth you've been having on YT! Let's go 💪! I have to ask to: what's your camera setup?

[oahuguppyguy]

Can I ask a question if you have the money to pay 10 grand over the interest rate why not just use the money yourself to buy the point down

[chrisheaney]

All of those are options but as rare as unicorns or aren’t as attractive in actual transactions.

[treeguyable]

Bought my first house at 13% . Then, later, bought 2 more houses. Not a big deal.

[erikmartinez]

Why not use the 10k to buy your own points