Meaning BUILDER BUYDOWN LOAN: A mortgage loan on newly developed property that the builder subsidizes during the early years of the development. The builder uses cash to buy down the mortgage rate to a lower level than the prevailing market loan rate for some period of time. The typical buydown is 3% of the interest rate amount for the first year, 2% for the second year, and 1% for the third year (also referred to as a 3-2-1 buydown)
More terms such as Builder buydown loan in Dictionary B.
- Definition Buy Minus Order:
- Examples general equities, rare market or limit order to buy a stated amount of a stock, provided that the price to be obtained is not higher than the last sale if the last sale is a minus or zero-minus tick builder buydown loan definition.
- Definition Big Uglies:
- Examples Unpopular stocks builder buydown loan explain.
- Definition Bailout Bond:
- Examples A bond issued by the Resolution Funding Corporation (Refcorp) to save the failing savings and loan associations in the late 1980s and early 1990s builder buydown loan what is.
- Definition Bounce:
- Examples a bank because it is not payable, usually because of insufficient funds. Also used in the context of securities to refer to the rejection and ensuing reclamation of a security; a stock price's builder buydown loan meaning.
- Definition Best'S Rating:
- Examples A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders builder buydown loan abbreviation.
