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  • What Is a 2-1 Buydown? Payments, Cost, and When It’s Worth It

    What Is a 2-1 Buydown? Payments, Cost, and When It’s Worth It

    Key takeaways How a 2-1 buydown works A 2-1 buydown temporarily lowers the principal and interest portion of your mortgage payment for two years. Your payment is calculated as if your interest rate were 2 percentage points lower in the first year and 1 percentage point lower in the second. Starting in year three, you… Read more

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