Buying down mortgage rates when buying a home

Merci ! Partagez avec vos amis !

Vous avez aimé cette vidéo, merci de votre vote !

Ajoutées 1 jour by

1 Vues

A 3-2-1 buy down lets buyers temporarily lower mortgage rates with seller-paid concessions. For the first three years, the rate decreases by 3%, 2%, and 1% compared to the original rate (e.g., 4% → 5% → 6% before returning to 7%). The funds go into an escrow account, and if rates drop during that time, buyers can refinance. Any unused escrow money can then be applied to refinancing costs or home equity.

Looking to buy or sell go here ---- https://jamesbigleyranches.com/media/
Contact me: jbigley@f4tf.com
Subscribe for content on ranching, land, and property related to real estate, history, hunting, wildlife, conservation, and ranching mainly in the United States.

James Bigley
679621

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers, and landlords:
Texas Commission Information About Brokerage Services
https://drive.google.com/file/d/1bpgFGyj2Xty_5JqtZlMWz_ll3vczA58J/view?usp=sharing
Texas Commission Consumer Protection Notice
https://drive.google.com/file/d/1nH06spLBSM4NPsJ7GW32KVrH2yfNM4h9/view?usp=sharing