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VA Home Loan: LEARN: EP. 25 - What are "Lender Credits" Used for When Buying a House? Summary: 💰🏠 Learn how lender credits can make home ownership more affordable. Discover how lender credits help offset closing costs, understand their impact on interest rates, and when to consider using them to buy your dream home. #LenderCredits #HomeAffordability #ClosingCosts 🤔🤔🤔🤔 Questions & Answers 🤓🤓🤓🤓 🤔 Question: What are lender credits in the context of buying a home? 🤓 Answer: Lender credits are when your lender pays a portion of your closing costs, reducing your upfront expenses. 🤔 Question: How do lender credits affect my interest rate? 🤓 Answer: Lender credits might increase your interest rate, resulting in higher payments over the life of your loan. 🤔 Question: When should I consider using lender credits? 🤓 Answer: Lender credits can be useful if you prefer paying less upfront, plan to sell your home in a few years, or want to transition from renting to owning. 🤔 Question: How else can I save on home buying costs? 🤓 Answer: Consider seller concessions and explore other cost-saving strategies tailored to your situation. Quick Links: Get Instant Prequalified - https://www.mhslending.com/get-started Start Your Application - https://mhslending.floify.com/ Mortgage Products - https://www.mhslending.com/products Keep Learning From Our Blog - https://www.mhslending.com/blog Facebook - / mhslending Tik Tok - / militaryhomespotlending MHSLending.com | 1 (866) 838-5637 | 9325 Sky Park Ct Suite 120, San Diego, CA 92123 Not affiliated with the Dept. of Veterans Affairs or any government agency. Equal Opportunity Lender MortgageOne, Inc NMLS #898812