|Real Estate Glossary|
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.
[ Back To Real Estate Glossary ]
Stephanie Smith, REALTOR,
Westfield, New Jersey Real Estate
Antique & Historic Homes
Beach & Waterfront Properties
Coldwell Banker Residential Brokerage,
209 Central Avenue,Westfield, New Jersey 07090
Westfield, NJ Westfield Today
Westfield, NJ Historic Society
Westfield, NJ Chamber of Commerce Westfield, NJ Trader Joe's Westfield, NJ Starbucks
New York City Historical Society
Attention Horse Lovers!
Real Estate Websites by iHOUSEweb, Inc. ®