buydown

Definition

Financing arrangement in which a builder or seller lends money to a prospective home buyer for making a down payment on the property to a bank or other lender, and adds that amount to the selling price of the property. Buydown enables the buyer to qualify for a mortgage loan on the property at an advantageous rate of interest, and helps the builder in realizing a sale.


buydown is...

... in the Real Estate & Buildings subject.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z