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Is a 2/1 Mortgage Interest Rate Buy Down Right For You

November 10th, 2022 3:34 PM by Edward Foy

A 2/1 buy down lowers your interest rate by 2 points in your first year and 1 point in your second year.
Sounds great right? There's a cost, which can be paid by the seller, but those seller concessions might be better allocated.
Know your options before choosing what's right for you.
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