list($bfa_ata, $cols, $left_col, $left_col2, $right_col, $right_col2, $bfa_ata['h_blogtitle'], $bfa_ata['h_posttitle']) = bfa_get_options(); get_header(); extract($bfa_ata); global $bfa_ata_postcount; ?>

What is Buying Down Rate?

The lender provides a rate to the mortgage broker or agent, for example¬† 2.69% for 5 year fixed. The mortgage broker or agent wants to sell 2.59% to the clients. The lender will never pay any extra¬†cost. So the lender will deduct the interest difference between 2.69% and 2.59% from the commission the lender will pay to the mortgage broker or agent. This 2.59% rate is called “Buying Down Rate”.

May 11th, 2013 | Category:

Comments are closed.

Copyright © 2019 CBMR Financial Group - All Rights Reserved
Ontario Brokerage License: 12181