A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage. 
- A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage.
the act of securing a lower than par interest rate by paying the bank a lender a premium.
the seller pays an amount to the lender so the lender provides a lower rate and lower payments many times for an ARM. The seller may increase the sales price to cover the cost of the buy down.
A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage.
A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage.
a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.