Definitions for "Buydown mortgage"
Keywords:  subsidy, builder, temporary, lump, few
Home loan where the lender receives a premium payment and, in return, reduces the interest rate during the early years of a mortgage.
A fixed-rate mortgage where you may "buy down" (by paying a greater up-front cost) the rate for one or two years in order to lower your initial payments, qualify for a larger loan, and know exactly what your payments will be when the loan adjusts.
a fixed rate loan that requires you or the property seller to pay additional points at closing in exchange for a lower interest rate for the first one or two years