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.
It is always important to work with an experienced mortgage professional working with divorcing clients. A Certified Divorce Lending Professional (CDLP™) can help answer questions and provide excellent advice.
Please don’t hesitate to reach out to me directly to provide additional information.
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