Rate Buster Buydown - Helping you battle the high cost of buying a home
We have seen a slight movement down with mortgage rates already in 2023. Though it is near to impossible to predict future rates, the forecast is for rates to continue to move down as inflations eases. How low mortgage rates will go down is anybody's guess.
One way to help ease the pain of the current mortgage rates until the rates do move down is to take advantage of our RATE BUSTER buy down program.
With RATE BUSTER, the first year mortgage rate on your loan will be 1% LOWER than your actual interest rate. This allows for you to enjoy a lower mortgage payment while you settle into your new home.
Here's what that looks like for a 30-year fixed with a $400,000 loan amount at a contract rate of 5.99% interest.
| Year | Interest Rate | Monthly Payment | Monthly Savings | Annual Savings |
| 1 | 4.99% | $2,144.84 | $250.79 | $3,009.48 |
| 2 – 30 | 5.99% | $2,395.63 | $0 |
$0 |
For the first year, you will enjoy a $250 per month savings on your payment! And, as part of our CUSTOME FOR LIFE program we will watch the mortgage rates for you. When the time is right, we will convert you to a lower mortgage rate with a low-cost refinance.
Best of all, RATE BUSTER is FREE.