HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Lending&Credit » mortgage subsidies

Mortgage Subsidies

Definition
Financing where a homebuilder permits the purchaser of a new home to occupy the home for a period of time without making monthly payments. The money saved goes toward down payments, and acts as a reserve to help make monthly payments once the financing is in place.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.