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What Is 3-2-1 Temporary Mortgage Buydown?
Highly Motivated Sellers
15202 Shapswick Place (4 Miles from Wash, DC) Upper Marlboro,
MD 20774
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4 BEDROOMS | 3.5 BATHROOMS | MLS# MDPG2058982 | Asking: $739,900 |
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| Fabulous 4 (possibly 5th) Bedroom 3.5 Bathroom Colonial front porch colonial in SOUGHT-AFTER Beech Tree ''Resort Lifestyle'' Golf Community. Features include Hardwood floors, Gourmet kitchen with granite counters, and island; Family Room with Gas Fireplace; Morning Room; Main floor study; Separate Living Room and Formal Dining Room; Upper Level Laundry Room; Lower Level Family Room, Lower Level Theater Room. Home of Lake Presidential golf course; Community Pool; 6 tennis Courts; Tot Lots; Community Center with Great Room, Meeting rooms, & Fitness Center; Walking Trails; and more. A Temporary Rate Buydown is an Option for borrowers to reduce their interest rate and in turn the monthly payment for a limited period of time through an upfront lump sum. For Example, 3-2-1 means in Year 1 the interest rate is Reduced 3% lower, in Year 2 the interest rate is Reduced 2% lower, in Year 3 the interest rate is Reduced 1% lower, in Year 4 the interest rate will be the Full Note Rate. | ||||
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