11/30/2022
Rates have pulled back from their highs. Buydowns are becoming popular ways to get a lower rate and payment for up to the first three years of the loan. Using a seller credit to cover the temporary rate buydown is an excellent way to ease into a mortgage payment. With current rates in the high fives, using a 3-2-1 buydown gets you a rate in the twos for the first year! Reach out to LendRight Mortgage and let us guide you through your mortgage loan options.