3%, 2%, 1% Purchase Loans

3… 2.. 1.. Liftoff! – Rates are on the rise, but owning is definitely better than renting. So what can you do to take the edge off? Some lenders have 2%, 1% programs. I Love My Lender has 3%, 2%, 1% plans.

If, for instance, you refinance at a 6% rate, your first year you would pay 3%, year 2 you would pay 4%, year 3 it would raise to 5%. On the 4th year it would move to the original 6% rate, but most financiers feel that in the next 12 to 24 months the Federal Reserve will begin reduce rates. This would give you the chance to refinance at a lower rate.

It allows you to own at a much lower start rate, build equity, and take the tax advantages now while rates are high. When they drop in the future, refinance and save even more.

Contact us to receive a formal quote.

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