Smart Savings: Understanding Permanent and Temporary Mortgage Buydowns

A rate buydown is an arrangement in which a borrower pays an upfront fee to the lender in exchange for a reduced interest rate on their mortgage, either for a specific period (temporary buydown) or for the life of the loan (permanent buydown). This can make the loan more affordable in the long run by lowering monthly payments.

Don’t Expect a Flood of Foreclosures

Don’t Expect a Flood of Foreclosures Simplifying The Market

The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments.