Is This the Easiest Way to Afford Your First Home? 3-2-1 Buydown

Are interest rates keeping you on the sidelines? I sat down with my friend Haley Gant, a mortgage lender with Rate, to talk through the tools that can make buying a home more affordable right now. We cover adjustable rate mortgages (ARMs), rate caps, how seller concessions can work in your favor, and exactly how a 3-2-1 buydown works year by year. CHAPTERS 0:00 Meet Haley Gant with Rate 0:47 What is an ARM (adjustable rate mortgage)? 2:21 Pros, cons, and rate caps 3:40 Refinancing an ARM 5:42 Are interest rates really that high? 6:33 Seller concessions: your negotiating power 7:09 Temporary vs. permanent buydowns 8:14 How a 3-2-1 buydown works 9:26 What does a 3-2-1 buydown cost? 10:32 Your next step 11:43 Why waiting can cost you 13:02 Thank you, Friends! READY TO TALK THROUGH YOUR OPTIONS? Comment HOME below and I'll reach out, or book a call: calendly.com/hellofriendscarrieann/30min Carrie Ann Chandler, REALTOR® Hello Friends! Team | Keller Williams Mountain Partners 828.470.0264 | hellofriendsca@kw.com hellofriends-wnc.com Haley Gant, Mortgage Lender | Rate 832-443-2535 | haley.gant@rate.com This video is general education, not a commitment to lend. Programs, rates, and terms are subject to change and borrower qualification, and examples are for illustration only. You are always free to choose your own lender, and I'm happy to share several great options. Equal Housing Opportunity. #321Buydown #HendersonvilleNC #WNCRealEstate