Category: Buydowns

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SCARY RATES – CONSIDER A BUYDOWN

With mortgage rates being the highest they have been in many years, you may be scared to finance a home. However, there are tools by which to combat these higher rates. Buydowns are a way to lower the interest rate. A permanent buydown is where the rate is bought down permanently for the life of...

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BUYDOWNS – FIRST-TIME HOMEBUYER VIDEO SERIES

With mortgage interest rates rising, buyers are looking for ways to reduce their payment. One way to do this is with a buydown. There are temporary and permanent buydowns. Temporary buydowns are trending. Temporary buydowns reduce the rate one year at a time, gradually increasing to the negotiated rate. Temporary buydowns can be 3/2/1, 2/1,...