614 Denali Dr

A temporary buydown is a financial arrangement that reduces the interest rate and monthly mortgage payments for a set period of time. It's achieved by depositing funds into an escrow account, which are then released to reduce the borrower's payments. 

Here are some key points about temporary buydowns:

• How it works
• A one-time fee is paid at closing to temporarily reduce the interest rate. The lender compensates the difference between the standard rate and the reduced rate. 
• How long it lasts
• Temporary buydowns typically last for the first 1–3 years of the mortgage. 
• Who pays
• The seller, lender, borrower, or other parties can pay for the buydown. The seller usually pays most or all of the cost. 
• What it doesn't do
• The actual interest rate charged on the loan doesn't change. The full rate and payment must be reflected in the mortgage documents. 
• When it ends
• The buydown period ends when the buydown funds are exhausted. 
• Benefits
• Temporary buydowns can help homebuyers ease into homeownership, especially in a high interest rate environment.

Stunning home located in highly sought after premier gated community of Little Bear which feeds Grapevine-Colleyville ISD! Open floor plan with vaulted ceilings seamlessly connects the living, dining, and kitchen areas. Very relaxing outdoor covered patio overlooking the neighborhood pond and walking trails. Primary bedroom downstairs off the living room and kitchen area with pond views. 1st floor office area or optional bedroom with french doors. Upstairs you will find an open game room-media area which overlooks the downstairs area, Jack and jill bathroom connects 2 of the upstairs bedrooms and the 3rd upstairs bedroom located on the other side of the game room for guest privacy! Located in a prime area, this home is just minutes away from top-rated Grapevine-Colleyville ISD schools, parks, and shopping centers, and Bear Creek Golf Club! Smaller yard almost like a garden home with less to mow and water during the summer months! Don't miss the opportunity to make 614 Denali Drive your new home!