Real Estate Terms |
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| Buydown | With a buydown, the seller or borrower pays an amount to the lender so that the lender can offer a lower rate and lower payments, during the earlier portion of the loan term. If the seller pays, he may increase the sales price to co ver the cost of the buydown. Buydowns can occur in all types of mortgages; fixed rate, interim fixed and adjustables. | |
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| Glossary V2.0 | ||
