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.
Melgar: A buy-down can be paid by the buyer, seller, mortgage lender or builder.
From Washington Post • Sep. 14, 2022
Cox: The escrow or buy-down account can be funded by the seller, the buyer, the lender or a third party, such as a Realtor.
From Washington Post • Sep. 14, 2022
For example, the interest rate on a 2-1 buy-down would be 2 percent below the note rate for the first year and 1 percent below the note rate for the second.
From Washington Post • Sep. 14, 2022
For buyers who qualify for a mortgage but may be worried about their short-term financial picture, a temporary buy-down may give them the confidence to take out a mortgage and purchase the home.
From Washington Post • Sep. 14, 2022
The cost of such insurance over the life of the loan could outweigh any benefit a borrower would receive from using their funds to fund a temporary buy-down.
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.
