What is a 2-1 buydown (aka temporary buydown) and is it right for you? Did you know you can get a 2% lower rate than everyone else with a 2-1 buydown? And there's even a 3-2-1 buydown where the rate is 3% lower!
The best news is that in many cases right now, the seller will pay for the buydown!
In this week's video, I'll explain the 2-1 buydown and look at a 2-1 buydown vs a "permanent" buydown or no buydown to see how long it takes for these options to be a benefit.
RJ Baxter
Intercap Lending
https://www.intercaplending.com/loan-officer/rj-baxter/
http://www.cohomesandloans.com
303-670-0137
baxterteam@intercaplending.com
NMLS #395819
