Real estate blog entries tagged with temporary buydown by Karen Pierce Cooper| Housing Counselor |Oregon

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Home : Blogs : Karen Pierce Cooper : Your Southern Oregon Housing Resource For Homeownership|Foreclosure Prevention : Tag "temporary buydown"

temporary buydown: First Time Home Buyer Resources (Part 4– Temporary Subsidy Buydown) - 01/07/08 02:12 PM

Temporary subsidy buydown plans are a way to help homebuyers qualify with the mortgage payment lowered initially, by the interest being "bought down" or prepaid by the homebuyer or the seller. When a homebuyer opts for a buydown plan, they will get lower, more affordable mortgage payments with the stability of predictable payment increases over time.
Most homebuyers choose one of two temporary buydown plans, a Limited or an Extended buydown plan. The Extended plan allows the borrower to qualify at the initial (bought down) interest rate that can be up to 1.5 percentage points lower than the note rate. This rate is then … (0 comments)

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Karen Pierce Cooper

Medford, OR

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Karen Pierce Cooper| Housing Counselor |Oregon

Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501

Office Phone: (541) 779-6691

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Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there!

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