At Sposen Homes, we understand that buying a home is one of the biggest financial decisions you’ll ever make. That’s why we want to help you make informed decisions about financing your new home. In this blog post, we’ll explain how buy down rates can help you afford your dream home and maximize your budget.
What is a Buy Down Rate?
A buy down rate is a mortgage financing option that allows you to pay an upfront fee to lower your interest rate and monthly mortgage payments for the first few years of your loan. This upfront fee can be paid by you, the seller, or even a third party. Continue reading ..