What is a down payment?
In Loans - Mortgages - Asked by Admin - 16 months ago
A down payment is the amount of money paid to purchase a home in addition to the mortgages amount but excluding closing costs.
Answered by Admin - 16 months ago
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If you are purchasing a home you will probably need a Mortgage. Mortgages are typically for home purchases and can be for new loans or refinances. Typically people refinance a home to take equity out of their homes or secure a lower interest rate. Interest rates affect mortgages. If you have mortgage questions such as "what is a down payment?" or need help or answers Zuuply.com can help.