To describe the features of a loan buydown
Code indicating the type of loan buydown.
If BUY01 = P, then BUY04 and BUY05 are required.
Code identifying the buydown source.
BUY02 defines source of funds for buydown.
Monetary amount.
BUY03 defines total amount of buydown.
Percentage expressed as a decimal
BUY04 is percent of permanent payment decrease.
Percentage expressed as a decimal
BUY05 is percent of permanent rate decrease.
