Buying down your interest rate is a strategy used to lower monthly mortgage payments by paying an upfront fee, often referred to as "buying points". This can result in either temporary or permanent interest rate reductions. Types of Rate Buydowns
There are two primary ways to structure an interest rate buydown: buying down interest rate calculator
What is a 2/1 Buydown & does it make sense for you? - Gulf Coast Bank Buying down your interest rate is a strategy