Mortgage Buydowns Are Making a Comeback
Carley Chase bought this home in Chandler, Ariz., using a temporary buydown that would lower her mortgage payment for the first three years.Photo: Carley Chase
Carley Chase found her dream home in Chandler, Ariz., this summer: a three-bedroom ranch, close to work, with a pool and a backyard lined with palm trees.
Soaring interest rates threatened to put it out of reach. Her lender suggested a temporary buydown that would lower her mortgage payment for the first three years.
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