Monday, March 15, 2010

What is a 2-1 Buydown?

November 7, 2008 by Eleanor  
Filed under FHA Mortgage Loans, First Time Home Buyer

Many lenders are shouting about “Fixed Rate Mortgages starting at 4.5%”
I’ve even gotten calls from Real Estate Agents asking how they are doing this! Some of these offers are NOT good deals.  For more information about MISLEADING Ads involving this program click here.
However, in the right situation, it’s a good loan.  So let’s do some [...]