In this video, I explain what is a mortgage rate buy down. Often times you’ll hear it referred to as a 2 for 1 buydown. A mortgage rate buy down is where points are paid to reduce the interest rate on your mortgage. A point is 1% of the loan amount.
Lenders and builders are offering buydowns again now that the interest rates are higher but the buydown is also more expensive these days.
Find out here what you need to be aware of if you are offered a mortgage rate buy down.
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How to buy a house with a USDA loan – USDA rural development loans explained. https://youtu.be/lNN1ET3aRNQ
USDA Loan Zero Down – 100% Financing Misconceptions about USDA loans. https://youtu.be/m6Dc-8_JWMo
The Definitive Guide to Buying Land and Building a House – https://youtu.be/HM8ZXgGmbV8
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How to buy a house self employed without tax returns – Use your bank statements. https://youtu.be/xXU-_yOPkgw
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