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Back-End Ratio - Business License

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Buy-Down Mortgage - Bylaws

Buy-Down Mortgage
Buydown
Buyer's Agent
Buyer's Market
Bylaws

Buy-Down Mortgage
A mortgage where the borrower can pay discount points to decrease the interest rate to below-market interest rates. 1 point or 1% of the loan amount does not necessarily equal 1% decrease in interest rate.

Buydown
The process in which a borrower obtains a lower interest rate by paying additional points to the lender.

Buyer's Agent
In real estate this agent represents the buyer and respectively has fiduciary duties only to him or her.

Buyer's Market
Refers to the situation a market is in where the buyers have an edge. In real estate, the amount of people selling their homes or properties outnumber those looking to buy homes or property. In these cases more often than not properties are purchased for less than asking price.

Bylaws
A set of regulations followed by businesses and organizations.