buydown mortgage
A below-market mortgage loan. This low rate will continue over a set period of time.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
mortgage
Noun: mortgage (a conditional conveyance of property as security for the repayment of a loan)
Verb: mortgage (put up as security or collateral)
- buydown mortgage -
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