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What is a rate buy down? ๐Ÿ’ต

What is a rate buy down? ๐Ÿ’ต

A rate buy down is when you pay money to buy you interest rate down on your mortgage. The great part is that the seller can pay for the buydown for you! Each loan type has certain limitations, but overall, having the seller put money towards your rate buydown will save you money month after month and possibly put a home in your price range that originally wasn’t.

If you want details on how a rate buy down can save you money, let us know!

We would love to connect you to Brittney, one of our preferred, local lenders in Tyler, Texas.

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