buydown

Definition from Wiktionary, the free dictionary
Jump to: navigation, search

English[edit]

Wikipedia has an article on:

Wikipedia

Alternative forms[edit]

Etymology[edit]

buy +‎ down

Noun[edit]

buydown (plural buydowns)

  1. (finance) An accelerated repayment of the principal of a loan.
  2. (mortgage finance) A payment by a third-party to a lender to reduce some of all of the payments otherwise required, especially in first few years of the loan, thereby enhancing the apparent quality of the loan.

Synonyms[edit]

Related terms[edit]