Paying $27k for a Builder Forward Commitment (or rate buydown strategy) is equivalent to dropping the price $70k for a buyer to get the same payment.*
Join us for this FREE webinar on Wednesday, March 19, 2025, 10am MT / 12pm ET
Click here to register.
Speakers:
Lonnie Jenkins
VP & Regional Market Manager, Cornerstone Home Lending
Lonnie is a seasoned expert in the mortgage industry, with over 40 years of experience. As Vice President and Regional Market Manager at Cornerstone Home Lending, Lonnie is recognized for his deep knowledge of joint venture structures and strategies designed to maximize builder profitability. His expertise has positioned him as a leader in advancing innovative solutions and best practices in residential building.
Beyond his professional role, Lonnie is actively involved in shaping the future of the industry. He serves on the board of the Colorado Mortgage Lenders Associations, where he contributes to policy advocacy and industry-wide improvements. Additionally, as a board member of the Denver Metro Economic Development Council, Lonnie plays a key part in supporting economic growth and development in the region.
With a strong commitment to both industry advancement and community impact, Lonnie continues to drive initiatives that foster collaboration and growth across the mortgage and real estate sectors.
Mike Iorio
Cornerstone Home Lending
Mike brings 25+ years of experience in banking and home financing as a senior leader. His career has included leadership roles with mortgage strategic partnerships and joint ventures, residential mortgage origination, underwriting, operations, REO sales and management, short sales, and commercial banking.
*Based on comparing a $70k price drop of a $500,000 purchase price at 6.5% v. spending $27k to buy down the interest rate to 4.99%. Actual rate, payment and costs may vary and are subject to change.