Definitions for "Temporary Buydown"
MP] A reduction in the mortgage payment made by a homebuyer in the early years of the loan in exchange for an upfront cash deposit provided by the buyer, the seller, or both.
a reduction in the interest rate you actually pay on your loan for a stated period of time
(or 1-2-3- buydown) When an interested party (buyer or seller or lender) subsidized the mortgage by lowering the interest rate during the first few years of the loan. This lower interest rate makes it easier for the borrower(s) to qualify for the loan, but the payments typically increase as the subsidy expires.
Keywords:  lump, sum, initial, few, definite
a mortgage on which an initial lump sum
a mortgage where an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage
a report on a definite sum of funds or company, personal property due, as a property (return to top) Housing