What does buydown mean? Redford real estate termsWhat does buydown mean? Redford real estate terms. Buydown is when the lender and/or the home builder subsidized the mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they will increase when the subsidy expires. You have to be careful with buydown mortgages, that the rate later is not much higher then the currently market rate. Saving money now, may cost you a lot of money later. For more information on Redford Real Estate terms, or if you are interested in buying a Redford home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com
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http://www.detroitmichiganrealestatehomes.com/00589F Posted on Jan 25, 2012 @ 10:03 am by russ.ravary - View Profile
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