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How to Choose the Right Mortgage: A Guide for Every Homebuyer
The homebuying process is full of important decisions. While choosing the right property is the most obvious, one of...
A financing option that lowers your interest rate—and monthly payment—for the first few years.
Common structures include 1-, 2-, or 3-year buydowns.
It can be funded by the seller, lender, or a combination of both.
Your payment adjusts to the full note rate for the remainder of the loan.
If you want lower initial payments or expect your income to increase over time.