At Fairway, we have temporary buydown options that can help with a rate rescue! A temporary buydown can be paid by the lender, buyer, or seller* depending on the loan type and will lower your interest rate temporarily, typically for one to three years.

The table below lists the temporary buydown options by loan type:

Benefits include saving up front when purchasing a home and potentially reaping the benefits of a lower monthly payment in result of a lower rate. You may also use the extra cash for other expenses associated with homeownership. Any unused funds will be applied as a loan principal reduction.

Ask me about Rate Rescue and see how much you can save!