is a 3 2 1 buydown mortgage right for you 
as mentioned it can be risky to get a 3 2 1 buydown mortgage on the assumption that your income will rise sufficiently over the next three years so that you ll be able to afford the mortgage payments when they reach their maximum level for that reason you must consider how secure your job is and whether unforeseen circumstances could make your house payments unmanageable once you reach the fourth year in addition if by some chance you have to pay for the buydown on your own then the key question to ask yourself is whether paying the cash upfront is worth the several years of lower payments that you ll receive in return for example you might have other uses for that money such as investing it or using it to pay off other debts with higher interest rates like credit cards or car loans if you have the cash to spare and don t need it for anything else then a 3 2 1 buydown mortgage could make sense the question is easier to answer when another party foots the bill for the buydown but even then ask yourself whether the maximum monthly payments will be affordable could the enticingly low initial rates lead you to want a more expensive home and to take on a larger mortgage than makes sense financially you ll also want to make sure that the home is fairly priced in the first place and that the seller isn t padding the price to cover the buydown costs 