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Home Values Are Increasing!! Don’t Get Left Behind!

Are you looking for a way to help afford your dream home in this high interest rate environment? If so, you might want to consider a 2-1 mortgage buydown loan.

A 2-1 mortgage buydown loan is a type of loan that allows the borrower to pay a lower interest rate for the first two years of the loan term. The lender then increases the interest rate by one percentage point each year until it reaches the market rate.

This means that you can enjoy lower monthly payments for the first two years, which can help you save money, build equity, and qualify for a larger loan amount. Plus, you can lock in a fixed interest rate for the entire loan term, which can protect you from future rate hikes.

A 2-1 mortgage buydown loan can be a great option for buyers who expect their income to increase in the future, or who plan to refinance or sell their home within a few years.

If you want to learn more about how a 2-1 mortgage buydown loan works and how it can benefit you contact a Petersen Partners team member today. We are happy to answer any questions you have and help you find the best loan option and mortgage company.