Buydown loans have initial payments that are lower than they would be without the buydown provision.

Name: Buydown loans have initial payments that are lower than they would be without the buydown provision.
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Buydown loans typically provide a temporary reduction in the interest rate, resulting in lower initial payments for a specific period of time. This allows borrowers to have more manageable payments in the early years of the loan.

Buydown Loans Have Initial Payments That Are Lower Than They