3-2-1 Mortgage Buydown Helpful For Work Relocation
A 3-2-1 mortgage buydown will reduce the interest you pay on your mortgage. A mortgage buydown is used by some companies as an incentive for work relocation and to help with changes in cost of living. A 3-2-1 mortgage buydown can help make your expenses more manageable, but should not be used as a tool for profiting from real estate. You won't be able to time real estate exactly and a 3-2-1 mortgage buydown will probably only be helpful if you're going to be staying in the house for several years.