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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, 617.482.5168
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