An account in which funds are held so that they can be applied as part of the monthly mortgage payment as each payment comes due during the period that an interest rate buydown plan is in effect.
Bob Graham 2008 All Rights Reserved
Coldwell Banker United Realty
Pinehurst, North Carolina 28374
910-528-1860 (cell) 910-255-3161 (Home) BobGraham@buypinehurst.com