"Paydown" refers to the act of reducing or paying off a debt, loan, or financial obligation. It means making a payment to decrease the amount owed. Full definition
He works as an assurance associate at PricewaterhouseCoopers, which began offering its Student Loan Paydown program in the summer of 2016. (policygenius.com)
And equity buildup through mortgage debt paydown still remains a proven path to financial wealth. (realtormag.realtor.org)
I would be interested in hearing about the years when you have only 1 or 2 properties... would the cashflow be accumulating for the next downpayment or immediately be put towards mortgage paydown of the first property? (investingarchitect.com)