This type of financing agreement offers a lower interest rate for the first two years of the mortgage, typically a 2% discount in the first year and 1% in the second year.
« Back to Glossary Index
2-1 Buydown
« Back to Glossary Index
Knoxville Tennessee Real Estate
This type of financing agreement offers a lower interest rate for the first two years of the mortgage, typically a 2% discount in the first year and 1% in the second year.
« Back to Glossary Index