Interest Rate Buy Downs – What Are They & How Do They Work?
In this video, I talk about interest rate buy downs and how they really work. Some builders are offering interest rate buy downs and just not explaining them.
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Over the last several months several new home builders have been offering home buyers interest rate buy downs on their mortgage. Because the lender is not explaining how the buy down works, my buyers are calling and asking me. The good thing is, I was a mortgage banker for a number of years and am very familiar with buy downs. That’s why I did this video for you.
If you want to know if an interest rate buy down would be good for you I would talk to your lender or Realtor.
Please contact me if you have any questions.
Mohr Realty Group at Keller Williams
In this video, I talk about interest rate buy downs and how they really work: