A plan in which a seller uses funds from the sale of the home to buy down the interest rate and reduce the buyer's monthly payments.
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Definition of interest rate buy down plans: A plan in which a seller uses funds from the sale of the home to buy down the interest rate and reduce the buyer's ...
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Interest Rate The sum, expressed as a percentage, charged for a loan. Interest payments on most home loans are tax- deductible. Interest rate buy-down plans ...
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Interest rate. The sum, expressed as a percentage, charged for a loan. Interest payments on most home loans are tax- deductible. Interest rate buy-down plans ...