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Buy down mortgage
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buy-down
- 1 dictionary result
buy-down
/
ˈbaɪˌdaʊn
/
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[
bahy
-doun
]
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buy-down
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buy-down
–noun
a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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[bahy-doun] 