2-1 Buy down? Well here's how they work. Let's say you are quoted a 4.5% interest rate on a FHA or Conventionial 30 year fixed rate mortgage loan. With a 2-1 Buy Down, payments will be calculated at 2.5% the first year, 3.5% the second and move to 4.5% for the remainder of the loan period.This a great program for buyers who anticipate wage increases in the future.
If you have any questions on how these guidlines can help you to obtain financing with as little money out of pocket as possible, please log onto www.hvfloans.com or give me a call 734-417-2115.
Evening and weekednd appointments available
There are very creative ways to finance real estate in Livingston County MI.
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Victor Bals a professional Loan Originator in FHA, VA, 100% Rural Development, and Conventional type Home Loan Mortgages. Close to Brighton, Howell, Hartland, Pinckney. "It's That Simple"
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