Real Estate Glossary



  Buydown Account

An account in which funds are held so that they can be applied as part of the monthly mortgage payment as each payment comes due during the period that an interest rate buydown plan is in effect.

 

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Kenneth R. Leland Realty, Inc.
226 W. Fountain St.
1-507-373-9586
Fax: 1-507-373-9885
Toll Free: 1-888-373-9596
email: krl@lelandrealty.com
Website: www.lelandrealty.com


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