Financing Your New Home

Whether you're a first-time buyer or looking to upgrade, it’s important to know the most up-to-date information on how to finance your new home. Our latest video is filled with valuable tips to help you navigate the new home buying process, including-
✅Loans available to finance your home
✅The advantages of working with our preferred lenders
✅Your down payment and interest rate options
✅What is (and isn't) a mortgage buydown
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[@damianfarquharson]

That's not a buy that's an ARM

[@SmithDouglasHomes]

Hi @Damianfarquharson -thanks for watching our video. The buydown example is not an ARM in that the rates are locked ahead of time on this loan with a fixed payment year 1, year 2, year 3 and then years 4-30 with no fluctuation on rate or payment. This varies from an ARM since the interest rate on an ARM can change periodically. This difference makes a 3/1 or a 2/1 buydown more stable and appealing to today's home shoppers.