How does a 2/1 Interest Rate Buy-Down really work?

How does a 2/1 Interest Rate Buy-Down really work? As mortgage interest rates increase more home buyers and sellers are asking this question. We look at the benefits of the 2/1 interest rate buy-down program and the local Orlando real estate market. We will try to answer all these questions and more...

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Joseph Dionne
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Brenden Rendo
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The Homes In Orlando Team
NextHome Neighborhood Realty
www.HomesInOrlando.ForSale

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00:00 Introduction
00:17 How does 2/1 buydown work?
01:27 2/1 buy-down calculation
02:44 2/1 buy-down total savings
03:47 How are buy-down funds held?
04:18 Do I qualify for more home?
04:56 Will rates come down?
05:42 Do you want to wait for rates to come down?
06:11 Funds can be used for a principle reduction
06:23 What type of loans qualify?
07:26 Does 2/1 buy-down help a seller?