Differs from a cul de sac in that the dead-end street does not have an enlarged area at ... DOWN PAYMENT: Cash portion paid by a buyer from his own funds, ...
Also used when a loan payment is not large enough to amortize the loan. ... by a lender to be held in reserve in addition to the down payment and closing costs.
The lower rate may apply for the full duration of the loan or for just the first few years. A buy-down can also be used to qualify a borrower who would otherwise not ...
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