It's now a buyer's market. With a 2/1 or 1 buydown, the seller can give concessions that buy down your rate 2% the first year and 1% the second year, or 1% for one year. This is called a 2/1 buydown and can save you thousands per year off you regularly amortized payment. Depending on the loan, we can also include the closing costs in those concessions. PM me for more information. I'm good at this and have all 5-star ratings.
