
Hi, just wanted to let everyone know that I just closed on my listing on Forest Rd. It was a 3 bedroom 1 bathroom which the whole house had been updated. The buyer was able to get a 2-1 buy down on his mortgage rate. That means his rate for the first year will be 2 % lower than the original rate, then the second year it will be 1% and the third year and beyond will but at the original rate. This is NOT an adjustable rate like most people think of because once you hit the third year, the rate stays the same for the rest of the mortgage.
If you have any questions about this, just call me or email me.
Thanks
Doug

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