Category: Home Buying

August 12, 2022

What is a 2/1 Buydown Loan?

I am SUPER excited about this loan program – albeit a dinosaur from Back in the Day!…………………. The program is called, “The 2/1 Buydown Loan”, and it is just what the Doctor ordered for our current real estate and mortgage markets! This is a great program for you to get into the market NOW! – Check […]

3 min read
July 24, 2022

Doug Smaldino’s Market Update for July 21, 2022

3 Things Heading into the Weekend………… New Program! Well, not exactly; more of a Dinosaur: ***The 2/1 Lender Buydown*** – Basically this is a 30 year fixed rate mortgage that starts at 2% below the market rate. It stays at the lower rate for 1 year and then goes up by 1% in year 2. In year […]

3 min read
June 23, 2022

Today’s Fed Rate Hike and What it Means for Mortgage Rates

Not as exciting as (kinda boring actually) everyone anticipated…… stock market up; mortgage rates down.

1 min read