Questions about Buying or Selling a House

Amy Notargiacomo
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Amy@HavelockHomesOnline.com
Broker, ABR®, e-Pro®, REALTOR®
CENTURY 21 Town & Country Realty

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Questions about Buying or Selling a House

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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