escrow account

concept
1 mentions 1 recordings first heard Dec 2022 last heard Dec 2022 ±0 vs the 12 months before

Account holding funds to cover temporary payment differences

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Nicole FriedmanWSJ Your Money Briefing · Some Homebuyers Turning to Buydowns for Lower Mortgage Rates · 5:30 · Dec 2022
…They'll put that money into an escrow account and that money will be used to pay the difference between the normal payment and the buyer's temporary lowered payment for however many years the buy down lasts.…
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