Are you ready to make your dream of homeownership a reality? If so, you'll want to explore the fantastic option of Temporary Buy Down, which can offer you significant benefits during the initial stages of your mortgage.

What is a Temporary Buy Down?
It's a fantastic way to lower your initial mortgage payments, whether buying or selling a home. There are two types: seller/borrower paid and lender paid.

Seller/borrower paid involves setting aside funds to lower payments for a set period. This can be a great incentive for buyers, as it lowers their monthly payments and can even be rolled into the price of the home. Plus, it helps sellers without reducing the home's sale price.

On the other hand, lender paid involves the lender covering the buy down fee. While this may result in a slightly higher long-term rate, it offers a lower start rate during the buy down period, making it attractive when interest rates decrease.

What are the benefits? Here's a quick rundown:

• Lower initial mortgage rates, allowing you to have a lower monthly payment
• Improve cash flow during the buy down period
• Save money in a declining rate environment
• Great for when interest rates are high

If you have questions or want to learn more about how Temporary Buy Down can work for you, please to reach out anytime. I'm here to help you!

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