When is the temp buy down program advantageous?

The temp buy down offer reduces the interest rate of the loan in the first year. This allows borrowers to enjoy a lower interest rate for a limited time.

This program is advantageous if you plan to refinance any time after 6 months but before the end of the loan term for various reasons. Whether you want the flexibility to sell shortly after purchasing, you believe the rates will go down in the near future, or would like the flexibility of refinancing soon for any reason, this program is beneficial.

CapCenter's temp buydown offer is especially powerful because it can be combined with CapCenter's Zero Closing Cost financing. Home purchasers will have no or low upfront costs and also enjoy a lower interest rate for the first year. If you believe interest rates will be lower next year, you should be able to refinance with CapCenter's with Zero Closing Cost offer and enjoy the closing cost and interest savings both today and tomorrow.

Learn more about temporary buydowns by using our free temporary buydown calculator.