In the conventional mortgage world, a 2-1 buydown is a type of mortgage financing arrangement that involves temporary interest rate reductions for the borrower during the initial years of the loan. This arrangement is often used to make homeownership more affordable for borrowers, especially in the ...
From now through January 31, 2024, Pilot Mortgage is offering sharper pricing on FHA Streamlines and VA IRRRLs to help borrowers lower their monthly payment while growing Pilot Mortgage's customer base with rates and service my competition cannot match.