2-1 Buydown Lunch & Learn with Northpoint Mortgage

540 Lake Center Parkway,Cumming GA 30040

30 November, 2022

Description

With interest rates higher than they have been the past few years, agents and buyers are seeking creative solutions to help improve their interest rate on purchases. Join Northpoint's Toni Golden and Noah Corin to learn the steps, rules, and best practices for pursuing a buydown. Northpoint is graciously sponsoring lunch, so we kindly ask that you please RSVP for catering purposes. What is a 2-1 buydown? If you opt for a 2-1 buydown, that means as a buyer, your interest rate is reduced by 2% the first year and 1% the second year. By the third year of the mortgage term, the interest rate goes back to the original interest rate on the loan.