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How does a 2-1 buydown work? | Is a 2-1 buydown worth it? #shorts
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No one talks about this enough! 👀
2-1 Buydown does not save you money. You're paying the expected savings upfront (usually 2.2% of your loan amount).
Think about this, it would cost the same amount of 💰 to lower a mortgage rate from 7% to 6% PERMANENTLY, over a 30-year fixed mortgage.
Grateful to have Jason Dickson from NuWave Lending on board for today's video. Thanks for the insights! 💡
Karen Cuskey-Hartman | Hartman Terilli Realty
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► Learn more about me!
(this video is about: dallas realtor, dallas real estate agent, dfw realtor, dfw real estate agent, dallas real estate market, dfw real estate market, dallas luxury real estate agent, dfw luxury real estate agent, what is a 2 1 buydown, 2-1 buydown pros and cons, how much does a 2/1 buydown cost, is a 2-1 buydown a good idea, 2-1 buydown cons, pros of a 2-1 buydown, 2-1 buydown worth it, 3-2-1 buydown, how does a 2 1 buydown work)
2-1 Buydown does not save you money. You're paying the expected savings upfront (usually 2.2% of your loan amount).
Think about this, it would cost the same amount of 💰 to lower a mortgage rate from 7% to 6% PERMANENTLY, over a 30-year fixed mortgage.
Grateful to have Jason Dickson from NuWave Lending on board for today's video. Thanks for the insights! 💡
Karen Cuskey-Hartman | Hartman Terilli Realty
► SOCIAL MEDIA •
► Learn more about me!
(this video is about: dallas realtor, dallas real estate agent, dfw realtor, dfw real estate agent, dallas real estate market, dfw real estate market, dallas luxury real estate agent, dfw luxury real estate agent, what is a 2 1 buydown, 2-1 buydown pros and cons, how much does a 2/1 buydown cost, is a 2-1 buydown a good idea, 2-1 buydown cons, pros of a 2-1 buydown, 2-1 buydown worth it, 3-2-1 buydown, how does a 2 1 buydown work)
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