– AAA Lendings Temporary Buydown – AAA Lendings Detail:
Overview
A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. In the case of discount points, the interest rate is lower for the loan term.
* For Conforming & High Balance Loan
Loan Scenario
The First Year Rate is 4.375%
· 2-1 Buydown
· 30 Years Fixed
· Note Rate 6.375% (Note rate quotes as of 11/21/2022, subject to market change)
· Loan Amount $500,000 * Max. seller credit 2.5% to cover the cost (including buydown rate)
Year 1 | Year 2 | Year 3, 4, 5, … | |
Interest Rate | 4.375% | 5.375% | 6.375% |
Mthly PMT | $2,496.43 | $2,799.86 | $3,119.35 |
Mthly PMT Saving | $622.92 | $319.49 | / |
· Loan amount < $150,000 (-0.500)
· Att-Condo w/term >15 Yr & LTV >75% – 80% (-0.750)
· 2-4 Units w/all terms & LTV≤80% (-1.000)
· Subordination CLTV<80% (-0.375) , CLTV≥80% (-1.250)
· High Balance LTV >60% – 75% (-0.750), >75% – 90% (-1.000)
· 45 day (-0.149), 60 day (-0.250)
· Eligible Account Source -Contributor is from only Seller/Builder. Other interest parties contributions depends on lender approval.
★Buydown cost depends on the total annual mortgage payment difference between the buy-down rate and note rate.
★Lender Fee same as the Agency Program.
Product detail pictures:
Related Product Guide:
Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. – AAA Lendings Temporary Buydown – AAA Lendings , The product will supply to all over the world, such as: Pretoria , Slovenia , Johor , We'd like to invite customers from abroad to discuss business with us. We can present our clients with high quality products and excellent service. We're sure that we'll have good cooperative relationships and make a brilliant future for both parties.

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