Tag: Pros and Cons

  • Pros and Cons of a Temporary Interest Rate Buydown

    Pros and Cons of a Temporary Interest Rate Buydown

    A temporary interest rate buydown is a type of financing option where a homebuyer pays an up-front fee to lower the interest rate on their mortgage loan for a limited period of time, typically the first few years of the loan. Here are some of the pros and cons of a temporary interest rate buydown:…