Definition of "Buy down"

Paula Myhrer real estate agent
Paula Myhrer, Real Estate Agent Signature Sothebys International Realty

Cash payment to a lender so as to lower the interest rate on a loan a borrower must incur. The lower rate may apply for all or a part of the loan term.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Popular Real Estate Questions