Home of the Bank Buster Loan
Buy Right.
Sell Right.
Save a Ton.
Welcome to SaveRight Realty! We’re rocking the boat and disrupting the real estate market by making homeownership significantly less expensive! When you hire the SaveRight team of Realtors to help you buy and/or sell a home, you'll get a Bank Buster mortgage loan. Bank Buster loans can reduce home financing costs by over 20%, possibly saving you $400,000+ in mortgage interest. It's all thanks to the ultra-low interest rate you get with a Bank Buster loan, exclusively available to those who hire the SaveRight team of Realtors to help them buy and sell their homes. Don't throw away hundreds-of-thousands and make your mortgage lender rich. Buy and sell with SaveRight and make yourself hundreds-of-thousands richer.
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How SaveRight Delivers Bank Buster Savings
We teamed up with SaveRight Mortgage, our affiliate lender, to bring SaveRight real estate clients incredible Bank Buster interest rates that can be over 20% lower. SaveRight Realty clients get permanent, fixed par rates (meaning no buydown points) that are often 70 to 150 basis points better than anywhere else. That's .70 to 1.5 points lower, all thanks to the Bank Buster loan from SaveRight Mortgage!
The below market par interest rate saves you enormous sums on the interest you’ll pay. The significantly lower monthly payment increases your buying power by giving you a higher maximum purchase price. You get a nicer, bigger home at the same, or lower, monthly payment when compared to the higher interest rates other lenders charge. Bank Buster loans are par rate loans, meaning they do not have buydown points that cost money. They are not temporary budyowns. They are premanently lower, fixed rate loans without any buydown points. However, you can add a permanent buydown, or a 1-0, 1-1, 2-1, or 3-2-1 temporary buydown, to the already ultra low Bank Buster rate for an even lower rate!
Bank Buster Loans = More Home for Less Money
Lower Monthly Payments
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Better Cash Flow: Bank Buster monthly payments are $300 to $800+ per month lower. Annual savings can easily be $3,000 to $10,000+. Life of loan interest savings can be over $400,000, especially with larger mortgage loan balances.
Bigger, Nicer Homes
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Maximum Buying Power: Ultra-low Bank Buster rates qualify you for a larger loan, increasing your maximum purchase price. Go ahead, search for homes in a higher price range! You can now more easily find and afford your dream home!
Breaking Down the Bank Buster Savings
Table 1: average rates available from other lenders.
Table 2: The Bank Buster rates and minimum guaranteed savings available exclusively to those who buy and/or sell with the SaveRight Realtor team.
Table 3: Apples-to-apples same payment comparison of the faster payoff and hundreds-of-thousands you'll save when making the same payment you'd have to make with the higher rate offered by other lenders.
Table 4: Investment Potential: The S&P 500 index was created in 1957 and has averaged a 10% annual return. If you invest the Bank Buster loan's monthly savings in an S&P 500 index fund via an automatic monthly draft, you can have hundreds-of-thousands saved up at the end of the 30-year mortgage term.
Table 2: The Bank Buster rates and minimum guaranteed savings available exclusively to those who buy and/or sell with the SaveRight Realtor team.
Table 3: Apples-to-apples same payment comparison of the faster payoff and hundreds-of-thousands you'll save when making the same payment you'd have to make with the higher rate offered by other lenders.
Table 4: Investment Potential: The S&P 500 index was created in 1957 and has averaged a 10% annual return. If you invest the Bank Buster loan's monthly savings in an S&P 500 index fund via an automatic monthly draft, you can have hundreds-of-thousands saved up at the end of the 30-year mortgage term.
What will you do with your Bank Buster Savings? Qualify for and buy a bigger, nicer home? Use the monthly savings to buy a car, a boat, an RV, or take nice vacations every year? Put the money towards the mortgage and multiply your interest savings and pay your mortgage off years sooner? Invest the savings so you can retire early, pay for your children's education, or buy a vacation/second home? The choices and financial rewards are real and substantial because of the time-value of money. It's all made possible because of the Bank Buster loan you get when you buy or sell a home anywhere in Utah, and you hire the SaveRight team of Realtors to act as your agent.
Current Mortgage Interest Rates
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National Averages (30-Year term)
| Conventional | FHA | VA | Jumbo | |
|---|---|---|---|---|
| Loan Amount | $800,000 | $600,00 | $600,00 | $1,200,000 |
| Rate | 6.72% | 6.22% | 6.23% | 6.84% |
| Payment | $5,173 | $3,683 | $3,687 | $7,855 |
| Total Interest | $1,062,223 | $725,738 | $727,141 | $1,627,837 |
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Bank Buster Purchase Rates for SaveRight Realty Clients
| Conventional | FHA | VA | Jumbo | |
|---|---|---|---|---|
| Loan Amount | $800,000 | $600,000 | $600,000 | $1,200,00 |
| Rate | 5.75% | 5.25% | 5.25% | 5.75% |
| APR | 5.843% | 6.009% | 5.466% | 5.843% |
| Payment | $4,669 | $3,313 | $3,313 | $7,003 |
| Monthly Savings | $504 | $370 | $374 | $852 |
| Annual Savings | $6,048 | $4,440 | $4,488 | $10,224 |
| Total Interest Paid | $880,690 | $592,760 | $592,760 | $1,321,035 |
| Interest Saved | $181,533 | $132,978 | $134,381 | $306,802 |
3
Apples-To-Apples Same Payment Savings Comparison
| Payment | $5,173 | $3,683 | $3,687 | $7,855 |
| Total Interest Paid | $662,092 | $452,460 | $451,360 | $963,831 |
| Interest Saved | $400,131 | $273,278 | $275,781 | $664,006 |
| How Many Years Sooner You'll Pay Off Your Mortgage | 6.4 | 6.2 | 6.2 | 7 |
4
Invest Monthly Savings in S&P 500 Fund with 10% Historical Annual Return
| Monthly Investment | $504 | $370 | $374 | $852 |
| Balance at 30 Years | $1,149,283 | $843,720 | $852,841 | $1,942,837 |
START WITH A RATE
IN THE TWOs!
Rates in the twos? Only in 2020 and 2021, right? Not for SaveRight real estate clients. With SaveRight it’s possible to start with a rate in the TWOs! With all loan types, you get the permanently lower Bank Buster rate in the fives just by being a SaveRight real estate client. You can use a temporary buydown option to further lower your interest rate for up to the first three years on Conventional, FHA, VA, USDA, and Jumbo loans. This will give you much lower monthly payments, so you can use the thousands in savings to buy furnishings, accelerate the payoff of your mortgage, build a savings nest egg, or take some really nice vacations!
There are several buydown options available to choose from: 3-2-1; 2-1; 1-1; or 1-0. A seller credit is used to cover the cost of the buydown. If you choose the 3-2-1 buydown option your rate will be in the twos for the first 12 payments. Year two, your rate will be in the threes. In year three, your rate will be in the fours. After the temporary rate buydown expires, SaveRight real estate clients will still have the permanently lower Bank Buster rate in the fives. It’s all made possible courtesy of the exclusive partnership with our affiliate lender, SaveRight Mortgage and their Bank Buster mortgage loans.
Conventional Temporary Buydown Options
Purchase Price:
$850,000
Loan Amount:
$500,000
Bank Buster Interest Rate:
5.625%
Bank Buster Monthy Payment:
$2,878.28
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1-0 Buydown
| Buydown RAte | Buydown Payment | Monthly Savings | Annual Savings | |
|---|---|---|---|---|
| Year 1 | 4.990% | $2,681.05 | $313.49 | $3,761.88 |
| 1-0 Buydown Cost/Total Savings | $3,761.88 | |||
| Seller Concession Required (Based on Purchase Price) | 0.443% | |||
2
1-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
|---|---|---|---|---|
| Year 1 | 4.990% | $2,681.05 | $313.49 | $3,761.88 |
| Year 2 | 4.990% | $2,681.05 | $313.49 | $3,761.88 |
| 1-1 Buydown Cost/Total Savings | $7,523.76 | |||
| Seller Concession Required (Based on Purchase Price) | 0.885% | |||
3
2-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
| Year 1 | 3.990% | $2,384.19 | $610.35 | $7,324.20 |
| Year 2 | 4.990% | $2,681.05 | $313.49 | $3,761.88 |
| 2-1 Buydown Cost/Total Savings | $11,086.08 | |||
| Seller Concession Required (Based on Purchase Price) | 1.304% | |||
4
3-2-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
| Year 1 | 2.990% | $2,105.32 | $889.22 | $10,670.64 |
| Year 2 | 3.990% | $2,384.19 | $610.35 | $7,324.20 |
| Year 3 | 4.990% | $2,681.05 | $313.49 | $3,761.88 |
| 3-2-1 Buydown Cost/Total Savings | $21,756.72 | |||
| Seller Concession Required (Based on Purchase Price) | 2.560% | |||
FHA & VA Temporary Buydown Options
Purchase Price:
$700,000
Loan Amount:
$600,000
Bank Buster Interest Rate:
5.500%
Bank Buster Monthy Payment:
$3,406.73
1
1-0 Buydown
| Buydown RAte | Buydown Payment | Monthly Savings | Annual Savings | |
|---|---|---|---|---|
| Year 1 | 4.500% | $3,040.11 | $366.62 | $4,399.44 |
| 1-0 Buydown Cost/Total Savings | $4,399.44 | |||
| Seller Concession Required (Based on Purchase Price) | 0.628% | |||
2
1-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
|---|---|---|---|---|
| Year 1 | 4.500% | $3,040.11 | $366.62 | $4,399.44 |
| Year 2 | 4.500% | $3,040.11 | $366.62 | $4,399.44 |
| 1-1 Buydown Cost/Total Savings | $8,798.88 | |||
| Seller Concession Required (Based on Purchase Price) | 1.257% | |||
3
2-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
| Year 1 | 3.500% | $2,694.27 | $712.46 | $8,549.52 |
| Year 2 | 4.500% | $3,040.11 | $366.62 | $4,399.44 |
| 2-1 Buydown Cost/Total Savings | $12,948.96 | |||
| Seller Concession Required (Based on Purchase Price) | 1.850% | |||
4
3-2-1 Buydown
| Buydown Rate | Buydown Payment | Monthly Savings | Annual Savings | |
| Year 1 | 2.500% | $2,370.73 | $1,036.00 | $12,432.00 |
| Year 2 | 3.500% | $2,694.27 | $712.46 | $8,549.52 |
| Year 3 | 4.500% | $3,040.11 | $366.62 | $4,399.44 |
| 3-2-1 Buydown Cost/Total Savings | $25,380.96 | |||
| Seller Concession Required (Based on Purchase Price) | 3.626% | |||
Attention Sellers: Get a Faster Sale and a Higher Net Sale Price
Hire the SaveRight team of Realtors to sell/list your home and we’ll market your home with a Bank Buster loan for the buyer. With affordability being the biggest concern for buyers, your home will stand out from the rest. This is because your home will be a lot less expensive for the buyer to finance, due to the significantly lower interest rate and monthly payment they will have, if they buy your home, rather than the higher market rate and payment all other homes will have. The Bank Buster loan will also open the door to more potential buyers because it will fit the budget of more people. The Bank Buster loan is the most powerful marketing tool you can offer a buyer because buyers can easily save $200-400k in financing costs–without costing you a dime. Listing your home with the SaveRight team of Realtors means a faster sale and a higher sale price, all thanks to the Bank Buster loan for your buyer. No other real estate agent does what SaveRight does for home sellers! The best part? The Bank Buster loan costs sellers nothing. No seller concession is required to offer an unbeatable, fixed rate to your buyer.
READY TO FIND YOUR
DREAM HOME?
Call us at 801-APPROVE (801-277-7683), email us at: theteam@saveright.com, or fill out the form below and one of our expert Realtors will call you to answer any additional questions and get the ball rolling. Once you’re ready to proceed, you’ll be referred to SaveRight Mortgage to get pre-qualified for your Bank Buster loan. We can’t wait to help you realize your homeownership goals!
FAQs
What’s the catch? How can we offer such a great deal? There is no catch. No gimmicks. No tricks. Just hire the SaveRight real estate professionals to help you buy and sell in the state of Utah. When you do, you qualify for the Bank Buster loan interest rates from our afiliate mortgage lender, SaveRight Mortgage. Below are the facts on the Bank Buster mortgage loan rates offered exclusively to SaveRight Realty clients.
Is the Bank Buster rate temporary or permanently lower?
No gimmicks or catches. The Bank Buster mortgage loan interest rate is a permanently lower, fixed rate. It is a par rate that doesn’t have points to get the rate. It is not an introductory/temporary rate.
How much lower is the Bank Buster interest rate?
The Bank Buster loan interest rate is typically around 1 point (100 basis points) lower than the national average. It is usually at least .7 (70 basis points), and often up to 1.5 points (150 basis points), lower than other mortgage lenders.
What loan types offer the Bank Buster discounted rate?
Bank Buster interest rates are available on conventional, jumbo, FHA, VA, and USDA loans. They offer all term lengths, from 8 to 30 years. Bank Buster loans are available on all residential properties: single family, townhouse, condos, and 2-4 unit properties; and for all occupancy types: primary, second/vacation, investment/rental.
Can I add a temporary buydown?
Yes, you can pair the Bank Buster loan rate with a temporary 3-2-1, 2-1, 1-1, or 1-0 rate buydown to further reduce your payment for up to three years. With the 3-2-1 buydown, you can start with a rate in the twos! Temporary buydowns are paid for with seller credits/concessions. You can also pay points to do a permanent buydown of the already ultra low Bank Buster rate.
About SaveRight and Our Mission:
SaveRight Realty is a team of dedicated, caring Realtors who are focused on our mission to help everyone we can obtain the American dream of owning their own home. It’s no secret that real estate prices have soared in recent years. Then, interest rates jumped, making the average mortgage payment double, or triple, what it was just a few years ago. We’ve seen many people become discouraged about the cost of homeownership. That’s when our founder, Rodney Rex, started brainstorming ways to help make homeownership less expensive. After lots of hours consulting with attorneys and regulators, SaveRight and the Bank Buster loan was born. The SaveRight name states our mission:
- SAVE: Make homeownership more affordable, thereby making the American dream attainable for more Utah homebuyers. The ultra-low interest rates SaveRight real estate clients receive from the Bank Buster loans offered by Savright Mortgage make it possible.
- RIGHT: Do business the right way: We always do what is right for our clients! We strive for excellence through our commitment to honesty, integrity, and professionalism. We conduct our business in compliance with all federal and state laws and regulations.
Let's Talk
Contact Us
Message from our founder:
I personally want to welcome you to the SaveRight family! As the lead Realtor for SaveRight Realty, my team and I look forward to helping you achieve your homeownership goals. Whether you’re a first-time homebuyer; a current homeowner looking to upsize/upgrade to a bigger, nicer home; an empty nester looking to downsize/simplify; you’re searching for a vacation/second home; or an investor looking to add a property to your portfolio—the SaveRight team can help you buy and sell anywhere in Utah—and save you a ton in the process. SaveRight Realty is rocking the boat by significantly reducing the cost of homeownership through our exclusive partnership with our affiliate lender, SaveRight Mortgage.
There are thousands of real estate agents in Utah. Many are very good at what they do. None of them can deliver the value SaveRight does. Thanks to the exclusive, rock-bottom interest rates that our clients get through our affiliate lender, SaveRight Mortgage, and the Bank Buster loans, SaveRight clients qualify for, and buy, bigger, nicer homes. They have significantly lower mortgage payments. And, they save tens-of-thousands in mortgage interest, often resulting in life-of-loan savings of $100,000 to $400,000, or more. I’ve been in this industry for over 20 years. In dollars and cents, the incredible savings our real estate clients realize, is easy to see—thanks to the Bank Buster loans. Beyond the enormous savings, the entire SaveRight team is committed to delivering the excellent care and professionalism you deserve. We’re here to help you achieve your goals and dreams.
Welcome to the homeowner’s club! Welcome to the SaveRight family!
—Rodney Rex, SaveRight Founder
For inquiries contact:
SaveRight Realty
801-APPROVE
theteam@saveright.com
Get in contact with one of our expert Realtors today.