Rising Mortgage Rates Drive Borrowers To Buydown Points
Western states lead in adoption as homeowners seek short-term relief.
Western states lead in adoption as homeowners seek short-term relief.
LoanStream introduces buydowns for Non-QM borrowers offering more flexibility.
Says its new offerings should help potential homebuyers, and especially first-time buyers.
The ‘Lock & Drop' program offers a 1% rate reduction over the first year of a mortgage.
Offering 3-2-1 and 2-1 buydown options.
Announcement follows November expansion of program.
Now offers 2-1 and 1-0 seller-paid buydowns on its core loan products.
Options offer borrowers a reduced interest rate in first years of a loan.