Buy Now, Refi Later & Keep the Equity
Equity Building Is The Name of Game - This is The Time
Lower your payments today with a seller-paid 2-1 buydown, and refinance later at a discount as a returning Mortgage By Speedy client. And if you’re exploring new construction, our clients can tap into our network of reputable builders — we’re happy to make an introduction whenever it helps, with no obligation. Mortgage By Speedy supports you from purchase to refinance and even through the building process if you choose.
Save today. Build equity. Refinance when rates drop.
When rates are higher, motivated sellers and builders are more willing to offer credits and incentives. A seller-paid 2-1 buydown can reduce your interest rate by 2% in year one and 1% in year two, creating thousands in payment savings while you settle into your new home.
Later, when rates come down and values rise, you can refinance into the lower rate and keep the equity gains you’ve built along the way.
Scan with your phone to start your quick prequalification with Mortgage By Speedy.
How the 2-1 Buydown Works
Example based on a $400,000 loan at a 6.5% note rate:
- Year 1: Rate reduced to 4.5% – saves roughly $480/month
- Year 2: Rate reduced to 5.5% – saves roughly $236/month
- Total estimated savings: $8,500+ in the first 24 months
The buydown cost is typically funded by the seller or builder as a credit at closing.
Buy Now. Refi Later. Keep the Equity.
Instead of waiting for rates to fall, you can:
- Lock in today’s price while competition is lower
- Use a 2-1 buydown to ease into your payment
- Refinance later if rates drop and keep the equity gains from rising values
Waiting can mean higher home prices and fewer incentives down the road.
Discounted Refinance for Returning Clients
As a returning Mortgage By Speedy client, you may qualify for discounted refinance costs when you’re ready to lock in a lower rate.
- Preferred pricing on your refinance
- Appraisal, underwriting, and processing fees on us, subject to terms
- Guidance on timing your refinance to maximize savings
Our goal is to help you save both now and later.
Get Your Personalized Savings Estimate
Every buyer’s situation is unique. We’ll walk you through your options, including 2-1 buydowns, permanent rate buydowns, and other strategies to improve affordability and long-term financial stability.
*All figures are illustrative estimates only and not a commitment to lend. Actual rates, terms, and savings will vary based on your credit profile, loan type, property, seller participation, and market conditions. Discounted refinance costs and fee coverage are subject to eligibility, program availability, and additional terms and conditions.