@theorlickigroup.bsky.socialTemporary 2-1 buydowns sound great, but if rates don't drop before year three, your payment jumps right back up. Always calculate your break-even period before paying for a buydown! Drop us a message to run the numbers on your loan.
@theorlickigroup.bsky.socialOver 20% of home listings saw price cuts this month as rates pushed past 7%! Sellers are eager to negotiate, making it a great time to ask for rate buydowns, concessions and price drops. Shoot us a message to see how a buydown could lower your payment.
@masteroffinance.bsky.social2-1 buydown: rate is 2% below note rate year one, 1% below year two, full rate year three.
Cost typically paid upfront, often by the seller.
Qualify based on the full eventual rate, not the temporary one, to avoid year-three payment shock. #RateBuydown #Mortgage #HomeBuying
