321 buy down

[Rebecca Akselrod]

Has anyone bought a house with a 321 or 21 buy down?  Wondering if the buyer or the seller ends up getting the write off on the interest every year. Also, if you refinance within the next 1 or 2 years, who will end up getting the rest of the money used to buy down the interest rate. (As I understand the money stays in escrow so it will help pay your mortgage every month. Just trying to see if its worth it or not.

TIA