Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 11QTD
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Question
how FHA buydown loans are structured?
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Step 1: INTRODUCTION
Buydown loan is a type of loan in which lower interest rate is charged to the buyer. In such type loans, seller agrees to pay the interest for the time being so that the buyer purchase the house. This increases the affordability of the loan for the buyer.
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