Three Ways to Boost Your Buying Power Without Waiting on Rates

It’s easy to think the only way to improve affordability is to wait for lower interest rates. But smart buyers are finding other ways to increase their buying power right now.

Here are three strategies that make a real difference:

1. Lender-Paid Buydowns.These programs temporarily lower your interest rate for the first year or two, easing you into payments and reducing “payment shock.” It doesn’t change the market rate itself — but it changes how ownership feels in the first crucial years.

2. Focus on Credits, Not Just Price.When negotiating with a seller, many buyers aim for a lower purchase price. But sometimes, securing a seller credit toward closing costs or a permanent rate buydown saves more in monthly cash flow than a small price reduction would.

3. Recast Instead of Refinance.If you receive a lump sum — bonus, inheritance, proceeds from another sale — some lenders will allow you to apply that money to your principal and recast the loan. Your payment drops significantly without needing to refinance, keeping costs low and flexibility high.

The bottom line? Waiting for perfect market timing isn’t the only path to affordability. Buyers who understand the tools available — and structure their loan strategically — can create comfort and flexibility today.

Don’t wait for the market to change.

Use what’s available now to build buying power and confidence.