A mortgage financing technique in which the interest rate has been reduced over the first few years of the loan because the lender received an initial payment from the builder or seller to reduce therate or in effect a discount.
A mortgage financing technique in which the interest rate has been reduced over the first few years of the loan because the lender received an initial payment from the builder or seller to reduce therate or in effect a discount.
A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage.