When mortgage rates are higher, people are always looking to buy the rate down. However, a traditional rate buydown will usually require at least 3-4 years to break-even. So if you refinance during that time, you'll lose the money you put in to begin with minus whatever monthly savings you experienced while you had the loan. With the 2-1 rate buydown, the seller pays the subsidy and the remaining amount is returned to you if a refinance happens within the first 2 years. Check out the video for full explanation and hope it helps!

GET A FREE LOAN QUOTE - FAST! All I need is the following:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in

APPLY for loan pre-approval 24/7 here: www.DerrickEvens.com
NEED A REALTOR IN San Diego? I know some of the absolutely best and happy to refer you to someone that works specifically in the area important to you.

Derrick Evens, Home Loan Specialist, NMLS 155010
[email protected]
619.952.2046