Is a 2/1 Buy Down a Good Idea?
A 2/1 buy down lowers your interest rate by 2 points in your first year and 1 point in your second year.
Sounds great right? There's a cost, which can be paid by the seller, but those seller concessions might be better allocated.
Know your options before choosing what's right for you.
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Edward Foy: H Mortgage
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