Brokers, empower your clients to achieve homeownership dreams with Kind Lending's buydown options!
What's a buydown? It's a strategy to lower your client's monthly mortgage payment in the early years of their loan. Here's the lowdown:
- You pay upfront to reduce the effective interest rate for a set period.
- The longer the buydown, the lower the initial payment, but the higher the upfront cost.
Kind Lending offers flexible buydown options:
- 3-2-1: 3 lower than note year 1, 2 lower than note year 2, 1 lower than note year 3 – Note rate year 4
- 2-1: Lower than note year 1, 1 lower than note year 2 – Note rate year 3
- 1-0: 1 lower than note year 1 – Note rate year 2
Ready to unlock the power of buydowns? Contact your Kind Account Executive today!