Today's A Mediocre Time with Tom and Dan podcast is brought to you by our good friends over at Streamline Mortgage Solutions.

Now, you were going to explain something to me.

Yeah, yeah.

This is not my wheelhouse, but tell me about temporary interest rate buy down.

Okay, I was talking to Brian Zymel and his team, Leo, and everybody over there at Streamline Mortgage Solutions.

And by the way, you should talk to them too because just figure out if you're doing the best

business decision with your mortgage or buying a home or right now, like even your parents

with reverse mortgages if they're over 62 because there's a lot of opportunity right now.

So the temporary rate buy down.

So essentially right now the entire market has come to a halt because interest rates are so high.

Everybody knows, sure.

So there's a lot of houses for sale on the market, right?

And before it was impossible to buy a house because everybody was trying to buy it.

You were getting out bid by $30,000.

Extremely difficult, yeah.

So now it's possible to buy a house, but because interest rates are so high, everybody's not doing it.

But that opens up an opportunity.

Essentially, now you could have negotiation power with houses that are for sale.

Maybe people have to sell.

You offer $20,000 less, or you know what I'm saying?

You're able to negotiate.

And with streamline the temporary interest rate buy down, you can get one up to 2% off for the first couple of years.

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