a 3 2 1 buydown mortgage is a type of home loan that can help would be homebuyers achieve their goal of homeownership when high mortgage rates threaten to price them out of the market the loan interest rate is reduced for the first three years of the loan term in the fourth year the original rate is applied and remains for the life of the mortgage 
read on to learn how a 3 2 1 buydown mortgage works and whether one may be right for your needs 