801 International Pkwy, 5th Floor Lake Mary, FL 32746
321-252-1971
contact@technoglobalinc.com
Investments
Buydown
A 2% buydown on your mortgage interest rate is a financial incentive offered by lenders, builders, or sellers to make homeownership more affordable, especially in higher interest rate environments. Here’s how it works and what it means for you:
What is a 2% Buydown?
A 2% buydown temporarily reduces your mortgage interest rate by 2% for the first year of the loan.
In the second year, the rate reduction decreases to 1%.
By the third year, your interest rate returns to the original rate for the remainder of the loan term.
For example:
If your original mortgage rate is 6.5%, the buydown would look like this:
Year 1: 4.5% interest rate
Year 2: 5.5% interest rate
Year 3 and beyond: 6.5% interest rate
The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. CrossCountry Mortgage, LLC cannot predict where rates will be in the future. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s) and payment info is valid as of 02/26/2025 and assumes a first lien position, 740 FICO score, 25-day rate lock, based on a single-family home. All terms are subject to change without notice. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Contact CrossCountry Mortgage, LLC for more information. Available for conventional, FHA, VA, and USDA loans only.
Commercial Real Estate Investments.
contact@technoglobalinc.com
+1 321-252-1971
801 International Pkwy, 5th Floor Lake Mary, FL 32746
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