2-1 Buy-Down Program
Our 2-1 Buy-down program provides a fresh incentive to purchase move-in ready homes from one of our realtors partners by reducing your interest rates for the first two years of your loan.
Consider a temporary buy-down to buy a home in a hot housing market. 620-640 FICO required
Lower your mortgage interest rate by up to 2% for the first 1-2 years with a temporary rate buydown.
Mortgage buydown strategies:
2-1 buydowns or 1-0 buydown for the first one or two years of the mortgage.
Apply for a home purchase or refinance https://www.blink.mortgage/app/signup/p/mkgenterprisescorp
What is 2-1 Buydown?
The 2-1 Buydown program is simple: one of our lender partners contributes an upfront fee, which lowers your interest rate by up to two percentage points for the first two years of your loan. This knocks down initial monthly payments, so you can allocate funds toward transforming a new house into a dream home, and enables you to build equity as you ease into your new home.
Here’s an example: On a $250,000 loan with a rate of 5%, the monthly payment would be $1,342. After a temporary 2-1 buydown of $5,232, here’s what the reduction in monthly payments would look like for the first two years.
Our 2-1 Buydown program is offered for 30-year fixed rate products through Fannie Mae and Freddie Mac.
*Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. MKG Enterprises Corp NLMS #1370394 cannot predict where rates will be in the future. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact MKG Enterprises Corp NLMS #1370394 for current rates and for more information.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact
MKG Enterprises Corp NLMS #1370394 for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction.
MKG Enterprises Corp does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by MKG Enterprises Corp TPO its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
MKG Enterprises Corp TPO does not provide tax advice. Please contact your tax adviser for any tax related questions.
* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.