{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Should You Buy Down Your Mortgage Rate at Closing?","description":"Unlocking a lower mortgage payment isn\u2019t always as simple as it sounds, especially when \u201cbuying down\u201d your rate enters the conversation. Bill explains how permanent rate buydowns work and when they may or may not fit your long-term plans. Before you lock in a loan, make sure you know whether paying points actually pays off for you. Here\u2019s what we discuss in this episode:  \ud83c\udfe0 Mortgage Buydowns: Paying points can permanently lower your rate  \u2699\ufe0f How It Works: Upfront costs create smaller monthly payments  \ud83d\udcd0 Break-Even Math: Compare total cost against monthly savings  \ud83d\udd04 Refinancing Plans: Future rate changes can erase the benefit  \ud83e\uddee Real Scenarios: Time horizon often determines the best choice &amp;nbsp; CONTACT: Schedule a time to meet with Bill here: https:\/\/calendly.com\/blitton\/ Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https:\/\/smartmortgageshow.com\/ Call: 484-352-4151.  Check us out on YouTube: https:\/\/bit.ly\/3KbUxAF ","author_name":"Smart Mortgage Show with Bill Litton","author_url":"https:\/\/smartmortgageshow.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42275855\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/42275855"}