548 Faulk St

Welcome to 548 Faulk Street in the heart of Dallas, Texas! This architectural masterpiece offers the perfect blend of modern elegance and timeless design, making it the ultimate dream home for any discerning buyer. This stunning 3-story contemporary home boasts modern elegance and offers the perfect blend of style and functionality. With its unique design and a rooftop patio overlooking the city skyline, this property truly sets itself apart. As you step inside, you'll immediately notice the abundance of natural light that fills every corner of the home, creating a warm and inviting atmosphere. The open concept layout seamlessly connects the living, dining, and kitchen areas, making it an entertainer's dream. The gourmet kitchen features top-of-the-line stainless steel appliances, sleek countertops, making it a chef's paradise. Whether you're exploring the local parks or taking a short drive to downtown Dallas, this property offers the best of urban living.

Public Driving Directions: From 35 South take Colorado Blvd. Take a left on 8th street and continue East. Take a right on N Corinth St, Left on Warsaw and the home will be on the right side on Faulk.

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.