Respuesta :
The correct option is d. buy-down mortgage.
Buy-down mortgage is a mortgage a builder offer to a buyer as an incentive to buy one of his houses.
What is buy-down mortgage?
Using a buydown is such a mortgage financing strategy, the buyer tries to get the interest rate on the mortgage lowered, maybe for the duration of the loan.
Some characteristics of buy-down mortgage are;
- During instance, a 2-1 buydown is a particular kind of mortgage practice that involves that enables homebuyers to save money on the rate of interest for the initial two years of their loan.
- A 3-2-1 arrangement can be used in buydowns as well.
- Homeowners that use buydowns may end up paying less interest overall.
- Purchasing discount credits against the home loan as part of a buydown may involve paying an upfront charge.
- The interest rate you qualify for and the length of time you want to live in the property will determine whether it makes perfect sense to select a buydown while purchasing a home.
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