In episode 183 of the Martini Mortgage Podcast, titled “ARM vs Buydown,” Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini illuminates the "2-1 Buydown" strategy in the context of the current unique real estate and mortgage market. He discusses the allure of Adjustable Rate Mortgages (ARMs) and compares them to the Buydown strategy.
Martini asserts that the Buydown approach can offer surprising benefits and greater financial stability, unlike ARMs. He emphasizes that with a Buydown, homeowners can refinance when the time is right, potentially leading to significant savings. Martini also demystifies the "2-1 Buydown" where a seller pays a fee at closing that reduces the mortgage interest rate, thus lowering monthly payments and enhancing home affordability. He concludes by mentioning the potential tax benefits for buyers and sellers involved in Buydown transactions.
Kevin Martini | NMLS 143962 | Certified Mortgage Advisor | Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgageGroup.com | Kevin@MartiniMortgageGroup.com | Equal Housing Lender
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