Get a Lower Interest Rate! - How to Use a 2-1 Buy Down

#buyingahome #sellingahome #interestrates #realestate #realestateagent #realestatemarket #homebuying
With interest rates blowing a ton of home buyers budget, lenders have been finding creative ways to help buyers save money on interest cost, and it can make a huge difference. In this episode we talk about the 2-1 Buy Down, a program that lowers your interest rate temporarily to save you a ton on your monthly payment for the first 2 years of ownership, potentially buying you enough time to refinance and get that payment down in the future. I explain how buyers and sellers are utilizing these to get the best deals right now, and how the numbers actually shake out on a real life scenario.