Business, Legal & Accounting Glossary
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.
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Definitions for 3-2-1 Buydown are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.