2111 Joni Cir

Welcome home to the sought after Turtle Creek neighborhood of Sherman! Tucked away in a private cul-de-sac, this house has opportunity to make it your own. This 3 bedroom, 2 bath home features extra living space, a wet bar, sunroom and a new roof. Location is key when finding the right home for your family and this one is within walking distance of Fairview park, featuring a newly renovated playground area, pickle ball court and walking trails. The seller is motivated and wants to move quickly so the home will be sold as is.

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.