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With today’s high and shifting mortgage interest rates, many homebuyers are struggling with the challenge of higher monthly payments. To help our clients achieve homeownership more easily, Cheryl’s Team offers a flexible Rate Buydown Program. This plan temporarily lowers your interest rate, making your mortgage payments more manageable, stable, and secure.
The “3-2-1 Buydown” is a temporary rate reduction that lowers the interest on your loan for the first few years. Here’s how the savings work:
Year 1: Your interest rate is reduced by 3%.
Year 2: Your interest rate is reduced by 2%.
Year 3: Your interest rate is reduced by 1%.
Year 4 onwards: The rate returns to the original fixed rate for the remainder of the 30-year term.
This gradual reduction significantly lowers your monthly payments initially, which is perfect for individuals or families on a tight budget. It provides extra financial room to cover expenses like renovations, moving costs, or other living adjustments.
This program is highly versatile and can be applied to many different loan types, including:
Conventional Loans
FHA Loans
VA Loans
Jumbo Loans
Whether you’re a first-time buyer, self-employed, or a high-net-worth client, you can benefit from this program by adding it to your mortgage structure.
The main benefit of a buydown is the significant reduction in your monthly mortgage payment. For example, on a $600,000 loan with an initial interest rate of 7%, your original monthly payment would be about $3,992.
In Year 1, with an effective rate of 4%, your monthly payment drops to $2,864.
This saves you more than $1,100 per month—totaling over $13,500 in the first year alone.
These savings give you greater financial flexibility, helping you navigate inflationary pressures and offering a “win-win” solution for your finances and your new home.
The 3-2-1 mortgage program is especially suitable for:
Young families who expect their income to grow in the coming years.
Self-employed individuals who are in the early stages of a career or business.
Real estate investors looking to minimize their initial capital outlay.
Anyone who wants to buy a home without the burden of high upfront costs.
By using a rate buydown, you can secure a property and maintain strong cash flow during a crucial time for both your life and investments.
Cheryl’s Team is your trusted partner for rate buydown programs. With our years of experience in customizing loan solutions, we understand market trends and can help you secure the most cost-effective structure for your needs. We’ll guide you through the process by:
Evaluating if a buydown is the right fit for your situation.
Combining the program with grants or seller credits.
Accurately calculating your specific cost-to-benefit ratio.
Providing dedicated, one-on-one service.
Contact us today to find the most effective rate-reduction solution for your home financing journey.
Whether you’re a first-time buyer or an experienced investor, we’re here to answer your questions, guide you through every step of your loan process, and support you all the way!
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General Mortgage Capital Corporation: 1350 Bayshore Hwy Ste 740, Burlingame CA 94010 Ph: 866-462-2929 (866-GMCC-WAY) and 650-340-7800 /Email: info@gmccloan.com; NMLS – 254895 / CFL: 60DBO-66060 Real Estate Broker, CA Department of Real Estate: CA DRE: 01509029 Disclosures and Licensing: https://www.gmccloan.com/Disclosures.html For all state licensing information go to: www.nmlsconsumeraccess.org Licensed by The Department of Financial Protection and Innovation under the California Finance Lenders Act


Interest rates and annual percentage rates (APRs) are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables—call for details. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available. APR reflects the effective cost of your loan on a yearly basis, considering such items as interest, most closing costs, discount points (also referred to as “points”) and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan). Your monthly payment is not based on APR, but instead on the interest rate on your note. Adjustable-rate mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period: ARMs assume 30-year term.
When one of these states is being marketed, add the following to the disclosure.
New York Licensed Mortgage Banker-NYS Department of Financial Services
Rhode Island Rhode Island Licensed Lender
Texas: Any consumer complaints please click below: https://www.sml.texas.gov/wp-content/uploads/2021/07/rmlo_81_200_c_recovery_fund_notice.pdf
Illinois Illinois: https://www.ilga.gov/legislation/ilcs/ilcs5.asp?ActID=1196&ChapterID=20