Tag: home Loan

  • 2-to-1 Rate Buydown: Dirty Gimmick for Lending Officers

    2-to-1 Rate Buydown: Dirty Gimmick for Lending Officers

    When my wife and I began the process of shopping for our mortgage, the 2-to-1 rate buydown was immediately shoved in our face. Interest rates were rising off historic lows and financing officers were strongly pushing these rate buy downs. On paper, it seemed like a perfect solution: a lower interest rate for the first Read more