A loan on which the interest rate has been “bought down” for a temporary period of time at the beginning of the loan by escrowing funds at the time of closing, which can be applied to the total monthly mortgage payment as each becomes due.
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MortgageTree Lending is a DBA of American Pacific Mortgage Corporation. All information contained herein is for informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.” Licensed by the Dept. of Business Oversight under the CRMLA; DRE 01215943. *Please visit our Disclosures page for more details for all loan types.