What Is a 3-2-1 Mortgage Buydown and how does it work?

As your real estate agents, one of our primary roles is to ensure our clients are well-informed about the various mortgage options available to them. While many people are familiar with traditional fixed-rate and adjustable-rate mortgages, there’s another type of mortgage that’s worth considering if you’re looking to buy a home: the 3-2-1 mortgage buydown.…

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