Raleigh NC Real Estate Services
THE PHILLIP JOHNSON TEAM
1-800-704-7445 - Listing Details Dial Ext. 7
THE PHILLIP JOHNSON TEAM
1-800-704-7445 - Listing Details Dial Ext. 7
Raleigh Real estate buyer and seller
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Buydown Mortgage A temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage. A permanent buydown reduces the interest rate over the entire life of a mortgage.
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