BUYDOWN

Description
Describes the provision, schedule, and structure of funds used to reduce the interest rate and/or payment on a mortgage note a temporary basis. A permanent buydown is covered by points paid at origination, see Borrower Paid Discount Points Total Amount.

Type : BUYDOWN

Definition
Describes the provision, schedule, and structure of funds used to reduce the interest rate and/or payment on a mortgage note a temporary basis. A permanent buydown is covered by points paid at origination, see Borrower Paid Discount Points Total Amount.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
BUYDOWN_FUNDSInformation about one or more types of buydown funding. Holds all occurrences of BUYDOWN_FUND.Information about one or more types of buydown funding. Holds all occurrences of BUYDOWN_FUND.
BUYDOWN_OCCURRENCES
BUYDOWN_RULE
BUYDOWN_SCHEDULES
EXTENSION

Attributes
label

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN