down payment

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down payment

the deposit paid on an item purchased on hire-purchase, mortgage, etc.
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The payment can be made in six-month installments, with EGP 3,405 paid per month, a nine-month installment with EGP 2,405 paid per month, a 12-month installment with EGP 1,905 paid per month, an 18-month installment with EGP 1,405 paid per month, or a 24-month installment with EGP 1,155 paid per month, all with no down payments.
Larger finance companies have generally continued to require down payments well above the regulatory minimum to protect asset quality and contain credit costs.
Around 600 serving and retired officers of grade-20 to 22 have been awarded offer letters of grade-1 of Bhara Kahu extension along with directions to deposit Rs1 million down payment within 30 days.
Unfortunately, many current renters aren't able to realize the savings that come with homeownership because as home values and rents keep rising, it's getting increasingly difficult to clear the down payment hurdle.
The average down payment for home purchases dropped to a three-year low in the first quarter, according to a new report.
LendingTree (NASDAQ: TREE) said it has released a report indicating down payments for conventional 30-year fixed rate mortgages have decreased to an average of 16.
The real estate information company analyzed the size of down payments on nearly 20 million purchase loans for single family homes and condos nationwide from 2004 through 2014.
However, today's home buyers have many choices when it comes to the size of the down payment.
Many conventional lenders are requiring down payments of at least 5 percent.
Mortgage payments (including taxes and insurance) that assume a 20 percent down payment in some metros result in situations in which owning appears cheaper than renting.
Among other things, down payments were no longer a necessity.
New regulations from Fannie Mae and Freddie Mac are bucking conventional wisdom surrounding down payments and mortgage rates.