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...
A down payment is an essential part of homebuying. But if you have never purchased a property before, you might not know the ins and outs of what a down payment is. We've got you covered with answers to common questions — from how much money you need for a down payment to ways yo...
First, what exactly is a down payment? A down payment on property is a lump sum of money that you pay upfront when buying a home. It typically comes from your own savings and can be as low as 5% of your home purchase price if the overall total is under $500,000. ...
What is down payment assistance? Down payment assistance (DPA) is formal assistance that can help you cover your upfront homebuying costs and/or reduce the amount you have to contribute to the purchase. The majority of DPA funds are awarded based on income, and they’re available through sta...
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 ...
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”...
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.
A down payment is the amount of money you spend upfront to purchase a home and is typically combined with a mortgage to fulfill the total purchase price of a home.
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. ...
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 ...