A Buydown Refers To

A buydown refers to:

A) a mortgage that starts with unusually low payments that rise over several years to a fixed payment.
B) financing made available by a builder or seller to a potential new-home buyer at well below market interest rates,often only for a short period.
C) a fixed-rate mortgage with payments that increase over a specific period.
D) a mortgage that requires the borrower to pay only interest; typically used to finance the purchase of more expensive properties.
E) a loan on which payments that equal half the regular annual interest amount are made every six months.

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