When it comes to buying a home, every dollar counts — especially in the first few years. That’s where a temporary rate buydown can make a huge impact.
A temporary buydown allows you to ease into your mortgage by reducing your interest rate for the initial years of your loan. Even better? In many cases, the seller can pay for the buydown as part of the purchase negotiations, meaning you get to enjoy lower payments without dipping into your savings.
Here’s how it typically works:
- In a 2-1 buydown, your interest rate is reduced by 2% the first year and 1% the second year before adjusting to the full rate in year three.
- This means lower monthly payments right when you’re juggling moving expenses, new furnishings, and everything else that comes with a fresh start.
It’s a smart strategy that gives buyers more flexibility — and sellers a great way to attract serious offers.
Want to see if a temporary buydown fits your situation? Let’s connect and walk through your options. I’ll help you craft a mortgage plan that works for your life today — and sets you up for success tomorrow.
📞 Call or text me at (206) 949-5563
🌐 www.YourMortgageCopilot.com
Tailored guidance. Trusted advice. Let’s fly through this together. ✈️
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