Exciting Mortgage Product
Most people don’t realize there are lenders right now offering a completely free 1-0 buydown on certain mortgage products.
That means your interest rate is 1% lower for the entire first year — at no cost to the borrower. Pretty interesting incentive in today’s market.
I actually think it’s a smart option for some buyers because that first year of homeownership is usually when people are adjusting to a new budget, higher bills, moving costs, furniture, repairs, etc. Lowering the payment during that transition period can make things a lot more comfortable.
It’s a limited-time promo and only available on certain loan scenarios, but definitely one of the more unique products I’ve seen lately.
DM me if you want more info or want to see if it could work for your situation.