Take advantage of our 2-1 buydown program

Are you ready to buy a home but feeling like you’re in a financial pinch? You’re not alone. Fortunately, there’s a way to take advantage of the market while keeping your budget intact.

We’re talking, of course, about buyer concessions and our 2-1 buydown program. Buyer concessions are offered by the seller and are intended to reduce the cost of the property for the buyer. A 2-1 buydown is a type of concession that reduces the interest rate of the loan for a period of two years, and then increases it back to its original rate for the remainder of the loan term.

So, what does this mean for you? A 2-1 buydown gives you the opportunity to bring your monthly payments to a lower rate for two years. This can help you create a more manageable budget, allowing you to make other investments or sock away savings during those two years. After the two years are up, the rate will then go back to its original level.

But that’s not all a 2-1 buydown can do for you. It’s also perfect for when you know that your financial circumstances will change in the near future and you need a bit of a cushion during that time. For example, if you have a job promotion or pay raise in the next two years, you can take advantage of the lower payments now and turn up the payments

Are you looking to save money on your monthly mortgage payments? Our 2-1 Buydown program may be just the solution you need!

The 2-1 buydown program is an excellent way to reduce your monthly mortgage payment over a set period of time. With this program, the mortgage lender pays a lump sum to the borrower at the closing of the mortgage loan. This money is then used to reduce the borrower’s monthly payments for the first two years of the loan.

By providing this lump sum, the borrower essentially buys down their interest rate for the first two years of the loan. This allows them to reduce their monthly payments significantly, depending on the size of the lump sum. After the first two years, the monthly payment will gradually increase over time to the original rate of the loan.

The great thing about the 2-1 buydown program is that it can make home ownership more affordable for many people who may not have been able to afford it otherwise. It’s also an excellent option for those who are looking to save money on their monthly payments without having to refinance their mortgage.

If you’re looking to save money on your monthly mortgage payments, the 2-1 buydown program may be the best solution for you. Speak to a mortgage lender today to learn more about this program and how it can help you reduce your monthly payments.

Call me today to find out what the current rates are and how much you can save

714-658-0871

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