What Is A 2-1 Buydown? (Explained For 2023)

Let's answer the question: What is a 2-1 Buydown?

2-1 Buydowns are making a resurgence in late 2022 due to rapidly increasing interest rates... and for good reason! This could be a great tool for buyers to leverage in order to get a huge discount on a home they love.

Here, we explore what a 2-1 buydown is, how it works, and how a buyer could end up getting one for no extra money out of pocket.

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I thought the borrower cannot pay for this. Only lender and and seller paid??