Mortgage   Everything you need to know about mortgages.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
BUY-DOWN
A permanent buy-down is the payment of points in exchange for a lower interest rate. See Points. A temporary buy-down concentrates the rate reduction in the early years.

    Courtesy of the Mortgage Glossary
    Copyright © 2006 by 20/20 Technologies