Lower Rates with a Buy Down Rate

(Good Things Utah) Right now is a very challenging time in our Utah housing market, with many potential homeowners asking themselves if they should buy or they should rent. According to Kellie Little from Fieldstone Homes, now is the perfect time to build a new home in Utah.

Kellie says that while many are still waiting for the market to settle, those who are experiencing significant life changes are presented with no better choice than buying a home today.

For those looking to buy a home now, Fieldstone (in partnership with First Colony Mortgage) offers them an option called ‘Buy Down Rate’ — where home buyers can lock in a specific rate, ensuring they’re getting the best possible monthly payments right now for that home. If rates lower in the years to come, buyers can request assistance from First Colony Mortgage to lower their mortgage rate.