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Updated over 6 years ago on . Most recent reply
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Anyone familiar with a 1/1 Buydown ARM?
Is anyone familiar with a 1/1 buydown? I just learned of it through a lender. It is a Fannie Mae ARM with the first year being X and the remaining term of the loan increasing and becoming fixed by 1% the following year for the remainder of the 30 year loan. Thoughts?