Interest Rate Buydowns are a method of paying above
market rates to achieve a payment that is below the
market rate at a later time, these are commonly known
as a 2/1 buydown. Another common way is the 3/2/1 buydown,
which is similar to the 2/1, but is three steps compared
to two, making it a longer adjustment over time. For
more information regarding interest rate buydowns, contact
1st MA Mortgages .com
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