This program is HUGE right now…. The 2/1 buydown loan. #realestate #finance #neelhome

21 Oct 2022

Watch on YouTube

Short YouTube clip (hosted by Neel Dhingra) presenting the 2:1 buydown mortgage strategy. The speaker explains that a 2:1 buydown lets the seller pay to temporarily reduce the buyer’s interest rate for the first two years, lowering monthly payments while the loan remains a standard 30-year fixed — a tactic positioned to save buyers “hundreds” per month in today’s higher-rate environment.

Okay. So I'm going to show you a trick that will save you hundreds on your monthly payment when you buy a home in today's market. Now, everybody knows that interest rates have gone up a lot recently, but there's a way around this. It's called the 2:1 buy down. You see, this program allows for the seller to pay for your rate to be lower for the first two years of the loan. Now, this gives you a lower monthly payment while still keeping you in a standard 30 year fixed term.