Builder buy down 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 buy down 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 buy down).
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	Buy Cash Market Mortgage rate Mortgage Time
	Related Terms
	Back end loan fund Back to back loan Bridge loan Broker loan rate Bullet loan Bullet loan or security Buy Buy a spread Buy and hold Buy back Buy downs Buy in Buy limit order Buy on close Buy on margin Buy on opening Buy side analyst Buy side or buyside Buy stop order Collateralized loan obligation Cram down Dealer loan Down and in Down and in option Down and out Down and out option Down tick Equivalent loan Eurocurrency loan market Federal home loan banks Federal home loan mortgage corporation Fixed rate loan Floating rate loan Intercompany loan Inventory loan Jumbo loan Lease versus purchase or lease versus buy decision Loan amortization Loan amortization schedule Loan commitments Loan syndication Loan value Mark down or markdown Melt down or meltdown Parallel loan Price buy zone ratio Project loan certificate Project loan securities Roll down Savings and loan association Secured loan Self liquidating loan Short term self liquidating loan Swap buy back Term loan Term loan agreement Term long term loan Top down approach to investing Top down equity management style Transaction loan Trust receipt inventory loan Unsecured loan Variable rate loan Warehouse receipt loan Whole loan Write down

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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