2-1 rate buydown explained  

When mortgage rates are higher, people are always looking to buy the rate down. However, a traditional rate buydown will usually require at least 3-4 years to break-even. So if you refinance during that time, you'll lose the money you put in to begin with minus whatever monthly savings you experienced while you had the loan. With the 2-1 rate buydown, the seller pays the subsidy and the remaining amount is returned to you if a refinance happens within the first 2 years. Check out the video for full explanation and hope it helps!
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