Elite Option for Borrowers: Lower Your Interest Rate by Up to 3% at Loan Start

At Emortgage Capital, we're excited to offer our clients a Temporary Rate Buydown option, providing extra flexibility with lower monthly payments at the beginning of their loan term. This program is an excellent choice for a wide range of borrowers, particularly those who:

• Expect their income to increase in the next few years
• Have excess seller concessions and want to leverage a low fixed rate
• Are planning renovations, upgrades, or new furniture purchases for their home
• Are transitioning from renting to owning and prefer easing into their mortgage with lower payments

Available for Various Loan Types

Temporary Rate Buydowns are available for:

• Conventional primary and second home purchases
• FHA and VA primary home purchases
• Select Jumbo Products

Choose Your Temporary Rate Buydown Option

Select from seller- or lender-paid options for 1-, 2-, or 3-year Temporary Rate Buydowns:

• 3-2-1 Buydown:
• 2-1 Buydown:
• 1-1 Buydown:
• 1-0 Buydown:

Example of Savings with a 3-2-1 Seller-Paid Buydown

Consider a conventional 30-year fixed loan of $350,000 for a borrower with a 700 FICO score and 90% LTV:

Monthly Savings Yearly Savings Year 1 3.75% Interest rate $1,717.15 payment $649.19 monthly savings $7,790.28 savings total per Year

Monthly Savings Yearly Savings Year 2 4.75% Interest rate $1,922.02 payment $444.32 monthly savings $5,331.84 savings per total Year

Monthly Savings Yearly Savings Year 3 5.75% Interest rate $2,138.75 payment $227.59 monthly saving $2,731.08 savings total per Year

Monthly Savings Yearly Savings Year 4-30 6.75% $2,366.34

Note: The principal, interest, and MI payment on a $350,000 30-year Fixed-Rate Loan at 6.750% and 90% loan-to-value (LTV) is $2,366.34. The Annual Percentage Rate (APR) is 7.138% with estimated finance charges of $5,600. Payments do not include taxes and home insurance premiums, resulting in a higher actual monthly payment. Rates are current as of 6/8/23 and are subject to borrower approval. Some exclusions may apply.

Empower your clients with the Temporary Rate Buydown program from Emortgage Capital and help them start their homeownership journey with confidence and savings.

For more details, get in touch with us today!

Albert Lowder | EMortgage Capital | 512-514-4047 | Lowderteam.com