Sell
Buy
Title Services
Home Estimate

Real Estate Glossary

What does Buy-Down Mortgage mean?

This is a type of mortgage in which the lender agrees to reduce the interest rate on the loan for a period of time in exchange for an upfront payment from the borrower. The purpose of a buy-down mortgage is to make the monthly payments more affordable for the borrower.

Hi! We’re here to make real estate simple. How can we help today?
Artur
Real Estate Assistant