CHOOSING THE RIGHT HOME LOAN

Temporary Buydown

Here's an exciting new way to save money on your mortgage. It's a new mortgage program called a temporary buydown. If you're planning to buy a home soon, it's worth looking into.

TEMPORARY BUYDOWN

Two Most Popular Types

The two most popular types of temporary buydown programs are the 2-1 and 1-0 buydown mortgages

  • 2-1 Buydown

    A 2-1 temporary buydown lowers your rate by 2% for the first year of your loan and by 1% the second year. 

  • 1-0 Buydown

    A 1-0 temporary buydown program lowers your interest rate by 1% the first year of your loan.

With either temporary buydown program, you potentially save thousands of dollars off your mortgage payments

TEMPORARY BUYDOWN

How it works

  • 1. Apply

    This type of loan program is available through most mortgage brokers, banks and credit unions.

  • 3. Negotiate

    Your agent attempts to negotiate for the seller to pay the lender fee for the temporary buydown.

  • 2. Lender Fee

    The lender charges a fee to discount the mortgage for the first one or two years of the loan.

  • 4. Save Thousands

    If the seller agrees to cover the fee, you can use the program to save potentially thousands of dollars.

TEMPORARY BUYDOWN

Save Money

If you're interested in programs like this that can save you money on your home purchase, get a copy of The Home Buyer's Kit. While supplies last. Get yours before they're gone.

The Home Buyer's Kit

We hope this information helps you buy the home you've been dreaming about

You may enjoy some of our other home buying special reports

10 Secrets to Find Your Perfect Home
Purchase & Renovation Mortgage Report
20 Questions to Ask ANY Agent BEFORE Signing Anything
Date the Rate and Marry the House
Buying New Construction
Buying a Home that's For Sale By Owner
Buying a Distress Sale Home
Temporary Buydown Mortgages

Here's some great news

If you enjoyed this article, then you'd really enjoy The Home Buyer's Kit. Whether you're buying your first home or your 101st, the home buying process can be tricky.

Get The Home Buyer's Kit

One wrong move in the home buying process and you lose the perfect home to another buyer, pay too much, or get stuck with a house that's falling apart.

The Home Buyer's Kit helps you navigate the buying process. It shows you what steps to take, where to turn, and which pitfalls to avoid. For FREE and with no obligation. 

Get Your FREE Copy

What to do next

If this sounds interesting to you, we've posted a short description of The Home Buyer's Kit here: TheBuyersKit.com. Check it out and let us know.

Karin Aguilar & Brian Smith

 

Karin and Brian have more than 38 years of combined experience in real estate and mortgages. They founded Showcase Agency, Inc, a real estate and home loan company, in 2017. They live in Irvine with their two daughters. 

 

Languages: English, Spanish

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Wait! You forgot something!

We posted a short description about The Home Buyer's Kit here. It can help you buy the home you've been dreaming about - with confidence. Get yours before they're gone.

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