– 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:
In the world of mortgage lending, accessibility is key. Our digital mortgage platform is designed with your convenience in mind. You can apply for a mortgage, upload documents, and track your loan progress online, all from the comfort of your home. We've created an engaging digital experience that puts you in control, ensuring that you can manage your mortgage application at your own pace, 24/7. – AAA Lendings Temporary Buydown – AAA Lendings , The product will supply to all over the world, such as: Turkey , Honduras , Dubai , So far our products have been exported to east Europe, the Middle East, Southeast, Africa and South America etc. We have 13years professional sales and purchase in Isuzu parts at home and abroad and the ownership of the modernized electronic Isuzu parts checking systems. We honor our core principal of Honesty in business, priority in service and will do our best to offer our customers with high quality products and excellent service.
By Rosalind
from
Bangalore
-
2017.09.22 11:32
This is a reputable company, they have a high level of business management, good quality product and service, every cooperation is assured and delighted!
By Emily
from
Australia
-
2018.06.26 19:27
