How Do Interest Rate Buydowns Work for Home Buyers?

by Jonathan T Webb

Interest rate buy-downs in Mississippi allow sellers or builders to temporarily reduce your rate for 1–3 years. For example, a 2-1 buy-down on a 7 % loan means you pay 5 % the first year and 6 % the second.

Buy-downs help buyers qualify for larger homes and ease into payments while awaiting future refinance drops.

👉 Ask Jonathan Webb which builders in DeSoto County are currently offering rate-buy-down incentives.

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