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What is a Buydown?

A buydown happens when the borrower purchases a lower interest rate by paying a premium called a “point.” If you expect to increase your earnings in the future but want a lower payment now, a buydown may be a helpful option


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jerry
jerry
2023年4月27日

An interest rate buydown occurs when the borrower acquires a lower rate by paying a premium known as a "point."


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いいね!

Peter Bately
Peter Bately
2023年4月26日

To lower the interest rate on a mortgage for a set period, usually the first few years of the loan, a mortgage buydown entails paying an upfront fee. Due to this, the initial mortgage payments may be more manageable.

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Kiter Peter
Kiter Peter
2023年4月25日

An interest rate buydown occurs when the borrower acquires a lower rate by paying a premium known as a "point."

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いいね!
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