mortgage rate buydown

Definition of "mortgage rate buydown"
  1. A financial strategy where a subsidy lowers a homebuyer's loan interest rate, used often as an incentive to encourage property purchase
How to use "mortgage rate buydown" in a sentence
  1. The builder offered a mortgage rate buydown to stimulate sales of their new development.
  2. Their high credit score and ample down payment allowed for a mortgage rate buydown.
  3. She accepted the mortgage rate buydown offer to make her monthly payments more affordable.

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