What does“down payment”refer to in the passage? A. Money borrowed from a bank as a mortgage. 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: ...
___ A. Money borrowed from a bank as a mortgage 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: ...
What Is a Down Payment? A down payment is a sum a buyer pays upfront when purchasing an expensive good such as a home or car. It represents a percentage of the total purchase price, and the balance is usually financed. A down payment can significantly reduce the amount the borrower ...
What does“down payment”refer to in the passage? ___ A. Money borrowed from a bank as a mortgage 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...
A down payment is a percentage of the purchasing price that a buyer gives to a lending institution (usually a bank) in a single transaction. Most people don’t have the cash to buy a home or car in one payment. As a result, the buyer applies for a loan (called a mortgage loan for...
What is a down payment? And how much do you need for one? Simply put, a down payment is a percentage of your home's purchase price that you pay up front when you open a home loan. The amount depends on your home's purchase price and the type of loan you choose. A common homebu...
some type of minimum down payment is usually required. A borrower can choose to put as much or as little down as they would like, depending on their lender's minimum loan amount requirements. The decision of the size of the down payment for a mortgage should be based on the amount a bo...
Making adown paymentof at least 20% can help you avoidprivate mortgage insurance (PMI), which is typically required for borrowers with lower down payments. Eliminating PMI can help reduce your monthly mortgage expenses. Additionally, a larger down payment means you’ll need to borrow less ...
Dodge New Year Credit Score Drops Learn from the experts how to protect your credit score while navigating the pressure to spend beyond your means. Jessica WalrackDec. 31, 2024 Signs of Fraud on Your Credit Report Act quickly to prevent scammers from accessing more information and do...
Definition of Down Payment on a Contract A down payment on a signed contract means a company has received money in advance of doing the work specified in the contract. As for the accounting, the company must record the money in its Cash account and a liability for the money received in ...