What is a 2/1 Buydown? | Mortgage Strategy Explained

Subscribe for more mortgage tips, and listen to my new podcast today! 0:00 - Introduction 1:29 - What is a 2/1 buydown? 1:50 - How the 2/1 buydown works 8:15 - Q&A Licensing: William Kevin Watson NMLS ID # 590092; Company NMLS ID # 1591 (www.nmlsconsumeraccess.org); AL-56061; CO–100043565, Churchill Mortgage Corporation, 1749 Mallory Lane, Suite 100, Brentwood, TN 37027, Tel 615-370-8888, Regulated by the Division of Real Estate; FL-LO122972; GA–38371, under company license GA-23146; ID-MLO-14736; OH-LO.043671.000 under company license OH-RM.850178.000; RI-Mortgage Loan Originator License, Licensed under Rhode Island Licensed Lender License; SC-MLO - 590092; TN–112279; WI-590092; VA–MLO-14893VA, Churchill Mortgage Corporation of TN; All other states, Churchill Mortgage Corporation Company NMLS ID # 1591 (www.nmlsconsumeraccess.org); AL-20934; AK-AK1591; AR-32094; AZ-0926494; CA-4131256, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, under Churchill Mortgage Corporation, which will do business in California as Churchill Mortgage Home Loans; CO-Mortgage Company Registration, Churchill Mortgage Corporation, 1749 Mallory Lane, Suite 100, Brentwood, TN 37027, Tel 888-562-6200, Regulated by the Division of Real Estate; CT-ML-1591; DC-MLB1591; FL-MLD1264; GA-23146; ID-MBL-8038; IL-MB.6760685, Illinois Residential Mortgage Licensee, Department of Financial and Professional Regulation; IN-10930 & 10931; IA-2009-0009; KS-MC.0025136, Kansas Licensed Mortgage Company; KY-MC19522; LA- Residential Mortgage Lending License; MA-Massachusetts Mortgage Lender License #ML1591; MD-18840; ME-Churchill Mortgage Corporation, Supervised Lender License NMLS # 1591; MI-FR0019728 & SR0014889; MO-19-2136, 2300 MAIN ST STE 900, Kansas City, MO 64108-2408; MN-MN-MO-1591; MS–1591; MT-1591; ND-MB103110; NE-2037; NH-Licensed by the New Hampshire Banking Department 21382-MBS; NJ-Licensed Mortgage Banker by the NJ Banking and Insurance Department; NM-03780; NC-L-144110; OH-RM.850178.000; OK-MB002527 & ML002574; OR-ML-5134; PA-41761, Licensed by the PA Department of Banking and Securities under Churchill Mortgage Home Loans; RI-20173440LL; SC-MLS-1591; SD-ML.05137; TN-109305; TX-Mortgage Banker Branch Registration; VA-MC-5222, Churchill Mortgage Corporation of TN; VT-7009; WA-CL-1591; WV-ML-34919; WI-1591BA & 1591BR; WY-2516; Tel 888-562-6200; 1749 Mallory Lane, Suite 100, Brentwood, TN 37027; All other states, Churchill Mortgage Corporation.