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Wish you could snap your fingers and get a lower mortgage rate? Well, at Texas Tech Credit Union, you don't have to! Our rate buydowns help deliver low rates! It's a smart strategy that could save you thousands over the life of your loan, and we're here to guide you through every step of the process.
Think of a rate buydown like getting a discount on your mortgage rate. You make a one-time payment upfront (called "points"), and in return, you get a lower interest rate for the entire life of your loan. It's like buying yourself a better deal!
Here's the best part – since we handle everything in-house at Texas Tech Credit Union, we can run the numbers right here and show you exactly how much you could save. Our local team will sit down with you and look at different scenarios: How long do you plan to stay in the home? How much could you save each month? What's your break-even point? We'll help you make an informed decision that fits your financial goals.
Unlike big banks that might pressure you into buying points without explaining the benefits, we believe in partnership. Our mortgage team will walk you through:
• Detailed cost comparisons of different buydown options
• Custom break-even calculations based on your situation
• Alternative strategies that might work better for you
• Long-term savings projections
Because we're your local credit union, we're invested in your financial success. Our in-house processing means faster answers and more flexibility in structuring your buydown. Plus, we back it all up with our Best Rate Guarantee – if you find a better rate elsewhere, we'll pay you $1,000!*
Ready to explore how a rate buydown could work for you? Visit any Texas Tech Credit Union branch or call our mortgage team today. We'll have answers about your potential savings within hours, not days – that's the Texas Tech Credit Union difference. Let's work together to get you the best possible rate on your dream home!
*Visit texastechfcu.org/brg for details.
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