Temporary vs. Permanent Rate Buydowns - which one is the right choice for you and your mortgage?
Are you caught in the dilemma of choosing between a permanent and temporary interest rate buydown? Dive into this detailed breakdown to understand the nuances of 'interest rate buydown' and the crucial differences between 'permanent vs temporary rate buydown'.
Learn what 'points' mean in a permanent rate buydown scenario and how it affects a loan amount like $500,000. Discover the real cost, benefits, and who generally pays for each type.
Plus, get a simple-to-grasp comparison highlighting which buydown strategy makes sense given current market conditions.
If you're thinking of securing a loan in 2023, this insight is a must-watch. For personalized guidance, contact JVM Lending! Our team is always here to help via phone at (855) 855-4491 or by email at jvmteam@jvmlending.com.
