Interest Rate Buy Downs

Military Interest Rate Buy Down


An interest rate buy down is one of the benefits offered through the Integrated Relocation Program (IRP).


As a regular force member or a Class B/C reservist, when you are posted, you are entitled to a posting allowance that often includes a  set of benefits known as the IRP (Integrated Relocation Program). A feature of the IRP is the mortgage interest rate buy down.


In general, the IRP program provides you with a bonus equal to approximately 1 month salary that can be used towards the reduction of mortgage interest rate.  Under the new IRP benefits plan this may not apply


Contact me to discuss your interest rate Buy Down.  I will be able to do the approx. calculation for you. Ask your IRP Advisor about the benefits you are entitled to as part of your Military Relocation.

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