buy-down
Americannoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Idziak: A temporary buy-down is a cash payment that effectively lowers the borrower’s interest rate for a limited period, allowing borrowers to reduce their monthly payments during the early years of the mortgage.
From Washington Post ● Sep. 14, 2022
Melgar: The buy-down will sometimes allow the purchaser to consider a larger home, especially for first-time home buyers who anticipate a growing family.
From Washington Post ● Sep. 14, 2022
Melgar: A buy-down can be paid by the buyer, seller, mortgage lender or builder.
From Washington Post ● Sep. 14, 2022
The party providing the buy-down funds will normally make a lump-sum payment into an escrow account at closing.
From Washington Post ● Sep. 14, 2022
Cox: The 2-1 buy-down program is a phenomenal way for buyers to ease into their new mortgage payment.
From Washington Post ● Sep. 14, 2022
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
