American_Bankers_Association
CTFA · Question #243
_____________ is a financing made available by a builder or a seller to a potential new home buyer at well below market interest rate, often only for a short period, is called:
The correct answer is A. Buydown. See the full explanation below for the reasoning.
Investment Management
Question
_____________ is a financing made available by a builder or a seller to a potential new home buyer at well below market interest rate, often only for a short period, is called:
Options
- ABuydown
- BPrerequisite
- CFHA
- DGrowing equity mortgage
How the community answered
(16 responses)- A75% (12)
- B6% (1)
- C13% (2)
- D6% (1)
Topics
#buydown#below-market interest rate#seller financing#mortgage subsidy
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