A down payment is one of the primary expenses when becoming a homeowner. Learn about the various ways you can fund your down payment.
What Is Down Payment Assistance (DPA)? Down payment assistance is any financial program that reduces the down payment requirement for homebuyers. Traditionally, buyers were required to pay 20% of the purchase price upfront as a down payment.[1]However, as home prices have increased over the ye...
What is a down payment on a house? Adown payment on a houseis the portion of the home’s purchase price not paid for with a mortgage. The more money you put down, the less you’ll borrow for the mortgage and the morehome equityyou’ll have from the outset. If you’re buying a ...
A down payment is the money you pay up front towards the cost of your new home or property. Learn how it works, common down payment myths, and more.
B. Money paid to a bank before the mortgages is given. C. Interest received by a person who borrows money as the mortgages. D. Interest charged by a bank on a mortgage. 相关知识点: 试题来源: 解析 B 正确答案:B 解析:题干意为“文章中的‘down payment’是指什么?”从“down payment”...
Buying a house is a huge financial commitment – and scraping together a down payment ain’t helping. 🤑 Are you ready to put enough money down? Before you start falling in love with houses in a certain price range, make sure you’ll be able to pay the down payment for that purchase...
Interest charged by a bank on a mortgage 相关知识点: 试题来源: 解析 B 从文章末段倒数第二句“111e bankwillthenlend youthe rest ofthemoneyto buythe house”可以推知“down payment”是在取得贷款之前自己先支付的那部分款项。即首付款。故选B项。反馈 收藏 ...
A down payment occurs when a percentage of a credit purchase is paid in cash. The down payment is not only a sign of good faith that the purchaser intends to follow through on the purchase, but it also minimizes the risk for the seller. ...
A down payment on a car is a percentage of the vehicle's total cost that you will pay at the time of purchase. For example, if the car you're buying costs $25,000, a down payment of $2,500 is a 10% down payment. If you're buying from a dealership and have a trade-in, you...
A down payment is a sum of money, usually a percentage of the cost the buyer pays at the outset of a purchase of a home or car.