Answer:
No, not at all. Much confusion comes because an applicant can “buy down” a rate using discount points – but that is a different matter from “buydowns” which only temporarily reduce a payment because another party (usually the seller or builder) subsidizes the payment for a specific amount and time period.
Confused? Tune into “Variable Rate Compliance Issues for 2024” on August 20, 2024 to learn more!
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Learn more about Rebekah Leonard’s Variable Rate Compliance in a Rising Rate Reality webinar.
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