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Uncategorized WHAT IS A 2-1 BUYDOWN AND HOW DOES IT WORK? For homebuyers looking to reduce their initial monthly mortgage payments, a 2-1 buydown is a type of mortgage financing option that can be very beneficial. Here’s how it works: When a homebuyer takes out a 2-1 buydown mortgage, the lender agrees to temporarily lower the interest rate for the first two years of the loan. […]
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