Lower Your First-Year Mortgage Payment With a 1-0 Buydown

Did you know there may be a way to lower your mortgage payment during your first year of homeownership?

A lender-paid 1-0 buydown temporarily reduces your interest rate by 1% for the first year of your loan, giving you a lower monthly payment while you get settled into your new home.

The best part? Here at Elevate Mortgage Group, the cost of the buydown can be covered instead of coming directly out of your pocket.

After the first year, your payment returns to the original loan terms.

Is the 1-0 Buydown Right For Me?

This strategy can be especially helpful for buyers who want more flexibility with their budget during the first year, whether that means covering moving expenses, making home improvements, or simply having more financial breathing room.

Every buyer’s situation is different, but a 1-0 buydown can be a helpful tool when structured correctly. The right mortgage isn’t just about finding the lowest rate, it’s about finding the right strategy for your goals.

Want to see if a lender-paid 1-0 buydown could work for your situation? Reach out today and let’s build a mortgage strategy that fits your goals.

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