google bot detected What Is A Buydown |

What Is A Buydown

Answer for "What is a buydown?"

Carrie Clements
  Baird & Warner

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to lower the interest rate but usually raises the price of the house to recoup this loss.

Search Real Estate FAQ

Related Real Estate FAQ

Related Real Estate Glossary Terms