A 3-2-1 interest rate buydown is a mortgage financing option that helps lower your interest rate (and monthly payment) for the first three years of your loan! Here’s how it works:

📉 Year 1: Interest rate is reduced by 3%

📉 Year 2: Interest rate is reduced by 2%

📉 Year 3: Interest rate is reduced by 1%

📈 Year 4 & Beyond: You pay the full interest rate

This buydown is often funded by the seller, builder, or lender, making #homeownership more affordable upfront! It’s a great way to ease into your mortgage while saving money in the early years.

Thinking of buying a home and wanting to explore your options? Send me a message! chris@cs-res.com 📩🏡 #HomeBuyingTips #321Buydown #MortgageHacks #HomeOwnership