Lower Your Mortgage Payment with a 1-0 Temporary Buydown
Smart financing to make your first year of homeownership more affordable.
Lower Your Mortgage Payment with a 1-0 Temporary Buydown
Smart financing to make your first year of homeownership more affordable.
Save Money During Your First Year of Homeownership with a 1-0 temporary buydown
A 1-0 Temporary Buydown can reduce your mortgage interest rate by 1% during the first 12 months of your loan, helping you enjoy a lower monthly payment when you need it most.
Taking on a new mortgage can feel like a major adjustment. With a 1-0 temporary buydown, you get a built-in financial cushion during your critical first 12 months. By lowering your initial interest rate, this program frees up extra cash flow exactly when you need it most—allowing you to comfortably manage moving costs, buy furniture, or build up your savings without the immediate pressure of a full-rate mortgage payment.
As a trusted mortgage broker NYC, we help families navigate various financing options to secure competitive home loans NYC. Choosing the right NYC mortgage broker ensures you receive expert guidance tailored to your financial goals. Whether you are exploring different mortgage loans NYC or looking for a reliable residential mortgage broker NYC, our team is here to assist you. Finding the ideal home mortgage NYC doesn’t have to be overwhelming when you have a dedicated professional by your side.
Example Savings
Loan Amount: $400,000
Market Rate: 5.99% (6.042% APR)
First-Year Rate: 4.99% (5.041% APR)
- Monthly payment reduced by approximately $287
- Potential savings of more than $3,400 during the first year
What Is a 1-0 Temporary Buydown?
A 1-0 Temporary Buydown is a mortgage incentive that temporarily lowers your interest rate by 1% during the first year of your loan.
After the first 12 months, your rate returns to the original fixed rate for the remainder of the loan term.
This program can help make homeownership more affordable while giving you time to adjust to your new monthly expenses.
Why Homebuyers Love This Program
- Lower monthly payments during Year 1
- More financial flexibility after closing
- No permanent changes to your loan
- Opportunity to refinance in the future if rates decrease
- Available on many purchase transactions
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