@melissadorman: You fought them down $10,000 on the price and felt like a genius. You just handed them $77,000 on the rate. 😮 On the average American house you're borrowing about $330,000 after your down payment. At 6% your payment is $2,000 a month. At 7% it's $2,200. That's $200 a month you never argued about, and $77,000 over the life of the loan. So why does everyone fight over price? Because when a bank funds your deal, the bank sets the rate. You don't get a vote. Cut the bank out, buy from the owner, and suddenly the rate is on the table. Sellers are attached to price. It's the number they tell people at dinner. Most have never thought about the rate once in their life. Give them their number. Take yours. DM me FREEDOM for the free book. 🖤 #creativefinance #realestateinvesting #sellerfinancing #consciouswealth #bankonyourneighbor

Money with Mel (Real Account)

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Wednesday 26 August 2026 18:03:00 GMT