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Monthly Archives: April 2016

    Temporary Buy Down

    By Jill Kuchle | April 25, 2016

    There is an infrequently-used mortgage program available that could be the solution to a buyer’s or seller’s problem. A 2/1 is a common buydown that the first year’s payment is calculated at 2% lower than the note rate and the second year’s payment is calculated at 1% lower than the note rate.  The third through... Read More