Closing costs Fixed-rate mortgage Principal Seller concession 
Housing Wire
SEPTEMBER 16, 2022
UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. in the first year of their loan, Rocket said. Combined, these put buyers in the driver’s seat with unmatched benefits.”
HomeLight
AUGUST 25, 2020
If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. A possible second set of closing costs if buying a new home.
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