The part of the purchase price paid in cash up front, reducing the amount of the loan or mortgage.
Related information about down payment:
- Down payment - Wikipedia, the free encyclopedia
Down payment (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the ...
- Down Payment Definition | Investopedia
A type of payment made in cash during the onset of the purchase of an expensive good/service. The payment typically represents only a percentage of the full ...
- Mortgage Basics, Ch. 3: Overcoming the down payment hurdle
Traditionally, lenders demanded 20 percent down. But today, there are more alternatives for potential homebuyers.
- FCIC: How to Buy a Home With a Low Down Payment
Homeownership remains one of the highest goals for many people because of its many benefits. Along with owning a home comes a sense of security and ...
- Down payment - Merriam-Webster Online
a part of the full price paid at the time of purchase or delivery with the balance to be paid later; broadly : the first step in a process. See down payment defined for ...
- HPD - Homebuyers - HomeFirst Down Payment Assistance Program
It provides qualified homebuyers with up to $15,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of ...
- Down Payment Calculator from Bank of America Home Loans
Use the down payment calculator from Bank of America Home Loans to estimate your monthly mortgage payment. The amount will vary based on the amount of ...
- Return of the 20% down payment? - 1 - saving for a home - MSN ...
Sep 30, 2011 ... The days of zero-down mortgages may be gone, but the 20% minimum isn't always necessary for homebuyers. Still, there are good reasons for ...