How 3-2-1 Buydown Mortgages Work A buydown is a mortgage-financing technique that allows a homebuyer to obtain a lower interest rate for at least the first few years of the loan. Typically, the seller or homebuilder (sometimes even the mortgage lender) covers the cost of the 3-2-1 buydown. The cost equates to the savings to […]
Top Stories
Don't Miss Our Next Post
Subscribe Now