What a difference a few months makes. If you have been looking to buy a property or sell your home this fall, things are much different than they were last spring. Sellers are now helping buyers get into a home for less money.
One of the ways sellers are enticing buyers is by offering a 2-1 Buydown. I’ve asked a colleague of mine, Brett Dewitt, with Guaranteed Rate Affinity to explain what a 2-1 Buydown is and how it works.