3-2-1 Buydown

Business, Legal & Accounting Glossary

Definition: 3-2-1 Buydown

3-2-1 Buydown

Full Definition of 3-2-1 Buydown

Method for helping borrowers with low income in qualifying for a loan, this type of mortgage starts with three temporary interest rates that will increase until a permanent rate is set. Sometimes offered by home builders as an incentive in attracting buyers.

Cite Term

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Page URL
Modern Language Association (MLA):
3-2-1 Buydown. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/3-2-1-buydown/.
Chicago Manual of Style (CMS):
3-2-1 Buydown. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/3-2-1-buydown/ (accessed: December 04, 2021).
American Psychological Association (APA):
3-2-1 Buydown. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/3-2-1-buydown/

Definition Sources

Definitions for 3-2-1 Buydown are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.