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What is a Buydown for a Mortgage?

As a buyer and seller there are several options one can do to either purchase the property you want or in the seller's case, get your property sold.  One of those options is doing a buydown.  Just what is that?  Below is an explanation from one of my lenders. 2-1 Buydown Explained A 2-1 Buydown is a financing strategy that temporarily lowers the interest rate on a mortgage for the first two years...

When Is It The Right Time To Refinance?

As a Realtor, I get asked "when interests rate drop, should I refinance?"  Well, I am not a mortgage broker, but I recently came across this article from one about this subject and felt it would be great to share. Mortgage rates have dropped. Should you refinance your home? October 8, 20241:25 PM ET  Written by Laurel Wamsley Mortgage rates have dropped significantly in recent months, and that...

Pumpkin Time!

  As you gourd – geously decorate for fall, let me help you carve out the perfect space to call home!  Whether it’s a cozy upgrade or a brand-new address, I’m here to guide you through every step.  Ready to squash those home – buying worries?  Let’s...

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Mary Cockburn - 5 Star Real Estate Agent serving Edgewood, Albuquerque, & East Mountain