Permanent Buydown

Permanent Buydown

Same as Points. Also see Temporary Buydown/Temporary Versus Permanent Buydowns.

References in periodicals archive ?
The Freddie Mac Financed Permanent Buydown Mortgage, available as either a fixed-rate or an adjustable-rate mortgage product, lowers borrowers' monthly payments without requiring additional cash at closing and increases the borrowers' purchasing power.
According to Freddie Mac, their product, "Financed Permanent Buydown Mortgage" allows lenders to protect the servicing portfolio from runoff during refinance booms and offer better rates to customers.

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