down-payment

Definition of down-payment in English English dictionary: The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale The agreement of sale will refer to the down payment amount and will acknowledge receipt of the down-payment The down-payment is the difference between the sales price and maximum mortgage amount The down-payment may not be refundable if the purchaser fails to buy the property without good cause If the purchaser wants the down-payment to be refundable, he should insert a clause in the agreement of sale specifying the conditions under which the deposit will be refunded, if the agreement does not already contain such clause If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the down-payment and to pay interest and expenses incurred by the purchaser; The difference between the purchase price of the property and the loan amount, expressed in dollars, or as a percentage of the price For example, if the house sells for $100,000 and the loan is for $80,000, the down payment is $20,000 or 20% The loan amount used in this calculation does not include any prepaid finance charges that are included in the loan For example, if the $80,000 loan in the example above includes a $1,000 up-front mortgage insurance premium, the down payment is $21,000; A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase; By extension, any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured
These commitments of troops, trainers, and civilians represent a strong down payment on the future of our mission in Afghanistan and on the future of NATO.
downpayment: Alternative form of down payment
down payment: money down
down payment: The part of the purchase price that the buyer pays in cash and does not finance with a mortgage
down payment: an amount paid in cash to the seller when a home is purchased The down payment is the difference between the purchase price and the mortgage amount, and is traditionally 10 to 20 percent of the purchase price, although many loans are now available with smaller down payments
down payment: If you make a down payment on something, you pay only a percentage of the total cost when you buy it. You then finish paying for it later, usually by paying a certain amount every month. = deposit. A partial payment made at the time of purchase, with the balance to be paid later. a payment you make when you buy something that is only part of the full price, with the rest to be paid later
down payment: a partial payment made at the time of purchase; the balance to be paid later
down payment: The part of the purchase price that the buyer pays in cash up front, and does not finance with a mortgage You can usually qualify for the best available mortgage programs with a down payment of 20 percent of the property's value
down payment: The part of the purchase price of a property that the buyer pays in cash and does not finance with a loan
down payment: The part of the purchase price of a property that the buyer pays in cash and does not finance with the mortgage
down payment: A percentage of the purchase price the buyer pays in cash
down payment: The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage Back to top
down payment: The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage Down payments are usually 5% to 20% of the sales price on conventional loans
down payment: advance payment
down payment: the portion of a home's purchase price that is paid in cash and is not part of the mortgage loan
down payment: The part of the purchase price which the buyer pays in cash and does not finance with a mortgage Due-on-sale clause: A provision in a mortgage allowing the lender to demand repayment in full if the borrower sells the property securing the mortgage
down payment: The difference between the purchase price and mortgage amount The down payment becomes the property equity Typically it should be cash savings, but it can also be a gift that is not to be repaid or a borrowed amount secured by assets
down payment: The difference between the purchase price of the property and the loan amount, expressed in dollars, or as a percentage of the price For example, if the house sells for $100,000 and the loan is for $80,000, the down payment is $20,000 or 20%
down payment: The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage
down payment: Percentage of the purchase price that the buyer must pay in cash and may not borrow from the lender
down payment: The part of the purchase price which the buyer pays in cash and does not finance with a loan
down payment: The part of the purchase price which the buyer pays in cash and does not finance with a mortgage
down payment: Money paid to make up the difference between the purchase price and the mortgage amount Down payments are usually 5% to 10% of the sale price on conventional loans
down payment: The part of the purchase price of a property that the buyer pays in cash and may not borrow
down payment: Part of the purchase price of a property that is paid in cash and not financed with a mortgage
down payment: The net difference between the purchase price and the mortgage amount
down payment: Money paid by a buyer from his own funds, as opposed to that portion of the purchase price which is financed
down payment: The amount or percentage of the purchase price paid by the buyer in cash, not borrowed from the lender
down payment: The part of the purchase price of a property which the buyer pays in cash and does not finance with a home loan
down payment: Money paid to make up the difference between the purchase price and the mortgage amount Depending upon the loan type, down payments are usually 3 to 20 percent of the sales price
downpayment: The portion of the home's purchase price the buyer pays in cash
downpayment: The difference between the sales price and the mortgage amount on a home The downpayment is usually paid at
downpayment: The difference between the sales price of real estate and the mortgage amount
downpayment: The difference between the sale price of real estate and the amount of your mortgage loan The downpayment is usually paid in full at the closing of a sale For example, if you buy a house for $70,000, and your mortgage is for $50,000, you must make a downpayment of $20,000 at the closing Your earnest money deposit will be credited to the downpayement (see Earnest Money)
downpayment: The amount of money the purchaser pays the seller upon the signing of the agreement of sale The agreement of sale will refer to the downpayment amount and will acknowledge receipt of the downpayment Downpayment is the difference between the sales price and maximum mortgage amount A downpayment may not be refundable if the purchaser fails to buy the property without good cause If the purchaser wants the downpayment to be refundable, a clause must be inserted in the agreement of sale specifying the conditions under which the deposit will be refunded However, if the seller cannot deliver good title, the agreement of sale usually requires the seller to return the downpayment and to pay interest and expenses incurred by the purchaser
downpayment: The amount paid for the purchase of a property in addition to the mortgage, but not including any closing costs
downpayment: The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale The agreement of sale will refer to the downpayment amount and will acknowledge receipt of the downpayment Downpayment is the difference between the sales price and maximum mortgage amount The downpayment may not be refundable if the purchaser fails to buy the property without good cause If the purchaser wants the downpayment to be refundable, he should insert a clause in the agreement of sale specifying the conditions under which the deposit will be refunded, if the agreement does not already contain such clause If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the downpayment and to pay interest and expenses incurred by the purchaser
downpayment: a portion of the sales price paid a seller by a buyer to close a sales transaction, with the understanding that the balance will be paid later Also the difference between the sale price and the mortgage amount
downpayment: The difference between the sales price and the mortgage amount A down payment is usually paid at closing
downpayment: The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale Downpayment also refers to the difference between the sales price and maximum mortgage amount It is expressed as a dollar figure or a percentage of the purchase price For example, when a house is purchased for $100,000 and $90,000 is borrowed to finance the purchase, then the downpayment is said to be 10% ($10,000)
downpayment: The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage
downpayment: A percentage of the purchase price the buyer pays in cash Dual Agent: An agent representing both parties in a transaction In almost every state, dual agency is illegal and unethical without the written consent of both the buyer and the seller E Earnest Money A buyer's partial payment that acts as a good faith deposit Equity The difference between the current market value of a property and the unpaid portion of a mortgage Equity increases as a borrower pays off his mortgage or the property appreciates in value Escrow Funds paid by one party to another to hold until the occurrence of a specified event, after which the funds are release to a designated individual
downpayment: The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale, also known as Earnest Money The downpayment may not be refundable if the purchaser fails to buy the property without good cause If the purchaser wants the downpayment to be refundable, he should insert a clause in the agreement of sale specifying the conditions under which the deposit will be refunded, if the agreement does not already contain such clause If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the downpayment and to pay interest and expenses incurred by the purchaser
downpayment: The net difference between the purchase price and the mortgage amount
downpayment: The cash portion paid by a buyer from his own funds, as opposed to that portion of the purchase price which financed
downpayment: The part of the purchase price which the buyer pays and does not finance with a mortgage
downpayment: The amount of money at time of purchase a buyer will invest in the purchase The down payment is the difference between the purchase price and the mortgage amount
downpayment: Private Mortgage Insurance
downpayment: Cash portion of the purchase price paid by a buyer from his own funds as opposed to that portion which is financed
downpayment: The cash that a buyer puts down to buy a home and does not finance with a mortgage
downpayment: A taxable cash pre-payment of the vehicle lease, reducing the Leased Vehicle Amount which may be used to reduce the monthly payments and or residual of your lease
downpayment: The difference between the sale price of real estate and the mortgage amount
downpayment: money paid to make up the difference between the purchase price and the mortgage amount Downpayments usually are 10 percent to 20 percent of the sales price on conventional loans, and no money down up to 5 percent on FHA and VA loans