See Also: Builder buydown loan(finance)
Builder buydown loan(money)
Buydown(finance)
Buydown(money)
builder(dictionary)
builder(dictionary)
Custom Builder(money)
Capital Builder Account (CBA)(finance)
Capital Builder Account (CBA)(money)
Tight money or dear money(finance)

Builder buydown loan (money)


Definition: [crh] A mortgage loan on newly developed property that the builder subsidizes during the early years of the developmeDefinition: nt. The builder uses cash to buydown the mortgage rate to a lower level than the prevailing market Definition: n">loan rate for some period of time. The typical buydown is 3% of the interest rate amount for the first year, 2% for the second year, and 1% for the third year (also Definition: referred to as a 3-2-1 buydown).