Definitions for "Permanent Buydown"
an initial payment that reduces the interest rate over the entire life of a mortgage
The payment of discount in order to lower the interest rate, and thereby the monthly payment amount, of a mortgage loan for the life of the loan.
A permanent reduction of the interest rate for the life of a loan. Funds for a buydown may come from a borrower, lender, seller or a third party.
Keywords:
points
MP] Same as Points.