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Ep 24: How 2-1 Buydowns Could Lower Your Interest Rates

With mortgage interest rates at a high, there is a lot of speculation about the housing market and where interest rates are headed. We have our own analysis that we share, and we also explain the ins and outs of a 2-1 Buydown.

You may be surprised to hear just who pays on a 2-1 Buydown. If you’re guessing the buyer, you’d be wrong! Let’s dive into this option that reduces interest rates and mortgage payments for the first few years after a purchase.

 

Listen to this week’s show to learn more about:

  • How the current 7% interest rate has increased the use of Adjustable Rate Mortgages. (2:19)
  • How ARMs were a part of the problem in 2008. (4:30)
  • What factors play into whether an ARM is recommended for a home buyer? (6:44)

Enjoyed the episode? Make sure to subscribe and share with your friends and family.

If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.

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