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Looking for relief from high mortgage rates? Here’s what makes mortgage buy-downs worthwhile, from a personal finance expert.
Getting an affordable mortgage rate is a huge hurdle in today’s challenging housing market. Personal finance expert Dave Ramsey recently offered his insights on mortgage buy-downs, a potential way for home buyers to lock in a discounted rate. A mortgage buy-down lets home buyers lock in a discounted mortgage rate for one to three years by paying a lump sum upfront. This strategy has become…
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