๐ Beating Higher Rates! THE BEST HACK for Homebuyers in 2023 ๐ฅ
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A 3/2/1 buy down or 2/1 buy down refers to a type of mortgage where the interest rate on the loan is temporarily reduced for a certain period of time, for the first 3 years or 2 years, respectively, of the loan. This lowers the monthly mortgage payment for the homebuyer during that period, making it more affordable for them to purchase the home. This type of mortgage can be beneficial for homebuyers who expect their income to increase in the future or for mortgage rates to decline, allowing the homebuyer to lock in a lower payment by refinancing in the first couple of years.
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Refinance Tool kit: โบ https://refinancetoolkit.carrd.com/
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David and Stephanie Cramm
Mortgage Loan Originators | NMLS# 565968 & 243972
Office: (720) 358-8000 | Mobile: (303) 931-6776
thecrammgroup@nfmlending.com
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The Cramm Group is the lending team of David Cramm NMLS# 565968 and Stephanie Cramm NMLS# 243972, working for NFM Lending, LLC. NMLS #2893 ยฉ 2022 NFM, Inc. dba NFM Lending. ยฎ Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Equal housing lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to the completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. For Arizona originators: AZ# BK-0934973. In Alaska, the business will only be conducted under NFM Lending and not any of our affiliate sites.
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