Simpsonville SC Branch
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Blogs
The Buydown Revisited Again!!!
Mortgage Rates are on the upward trend again. In fact, the FOMC is expected to increase their benchmark rate by .25% this week. The short-term bump in mortgage rates is prompting buyers to explore innovative mortgage programs. A temporary buydown …
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It’s A Lock!
Do rising mortgage rates have you worried? As mortgage rates increase many buyers are asking about a “rate lock”. A rate lock is a lender’s promise to hold a specific interest rate for you for a set period of time, usually somewhere between 15 and 60 d …
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The BuyDown Revisited!
A temporary buydown is worth understanding right now because it directly addresses the specific pain point that’s been keeping some buyers on the sidelines: the monthly payment sticker shock created by elevated rates. Rather than paying to permanently …
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