Considered Purchasing a Home Using a 2-1 Buydown
With climbing interest rates, one way homebuyers can save over the first two years of their home loan is to consider what's called a 2-1 buydown rate. What that means is you're essentially paying a fee to get a lower rate for two years. It's a good way to circumvent higher interest rates today but still giving the flexibility to get into home today to start building that wealth.
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As always, if you want to explore your loans for your future home purchase, or have questions, feel free to reach out directly.
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Jon Tober
Phone: 210.317.7431
https://www.swbcmortgage.com/jon-tober
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