buydown definition

  • noun:
    • An accelerated repayment associated with the key of that loan.
    • A payment by a third-party to a lender to cut back some of all payments usually needed, especially in first few many years of the loan, therefore improving the apparent quality of the mortgage.

Related Sources

  • Sentence for "buydown"
    • Their wish list includes a $22,000…
    • View More
  • Synonym for "buydown"
  • Etymologically Related for "buydown"
41 votes

How would you define buydown?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!