What Are Temporary Buy Downs?
When you work with our preferred lender to purchase this home, the Seller is open to negotiating a Seller Interest Rate Buydown. With this option the Seller can agree to pay mortgage discount points so you, the home buyer, can get a lower interest rate on the mortgage. A lower interest rate means you may be able to achieve your ideal monthly mortgage payment and own your dream home!
Temporary Buy Down - What Is It?
Temporary Buy Down - This could help you purchase NOW!
A temporary buydown is made possible by depositing a lump sum into a buydown account. The lump sum is then divided up monthly for each year in the buydown. Once the buydown account is depleted, the interest rate increases to the full note interest rate.