Kyle Hawthorne
Kyle Hawthorne
(319) 415-0505
Commercial Real Estate Specialist
Waterloo, Iowa
Cedar Falls, Iowa
Real Estate Glossary

  Buydown Mortgage

A temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage. A permanent buydown reduces the interest rate over the entire life of a mortgage.



 

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