2/1 Buydown Loans
What is a 2/1 Buydown?
Lower Your Monthly Housing Payment with a 2/1 Buydown!
Did you know there are programs that can help you secure a lower mortgage interest rate to help you get into the home you want now?
2/1 Buydown & You
A 2/1 Buydown can help you secure a lower payment for the first two years of your home loan. Typically, a seller will pay some interest up front so the buyer can enjoy a rate that’s 2% lower in the first year and 1% lower in the second year.
Seller Credits
Seller credits (seller concessions) are closing costs that the seller agrees to pay on behalf of the buyer. This is often a win-win scenario, as the seller is able to get the deal done, and the buyer is able to purchase their home with a 2/1 Buydown.
Bank Busting Rates
We maintain an array of dedicated, national mortgage investors. Stop paying your bank's leadership team and excessive, overhead costs. We offer wholesale pricing to give you the lowest rates available in the market.
2/1 Buydown Program
When interest rates were at historic lows, a typical fixed rate mortgage loan was all most people needed. Now, rates have risen. They’re still below long-term averages, yet appreciably higher than before. And of course, higher interest rates lead to higher monthly payments.
SATORI MORTGAGE
NMLS # 4190
Mortgage Broker
2808 West Broadway
Minneapolis, MN 55411
(866) 405-3697
info@satorimortgage.com
Complaints may be directed to:
Phone: (855) 906-6784 or
Email: compliance@satorimortgage.com
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Copyright ©2022 Satori Mortgage. NMLS# 4190. 2808 West Broadway Minneapolis, MN 55411 (866) 405-3697. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV