down payment

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down payment

the deposit paid on an item purchased on hire-purchase, mortgage, etc.
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Similar patterns of small spreads were found in rate quotes between high scorers and low scorers at down-payment levels of 20 and 25 percent.
Social networks users reacted negatively to the increase in the down-payment. Sara Mohamed is divorced and her daughter is disabled, she said: "I planned to apply for the new phase of social housing to have an independent home and decrease the burdens on my family.
Many first-time homebuyers have been pushed out of the home purchase marketplace since 2010 due to debt-to-income restrictions and larger down-payment requirements.
Based on national average home prices today in many markets (see chart), a 20 percent down-payment equates to $20,000 to $25,000.
Gold producer Gold Fields Limited (JSE:GFI) (NYSE:GFI) (NASDAQ Dubai:GFI) announced on Wednesday the second down-payment of USD66m to acquire a 60% interest in the undeveloped gold-copper Far Southeast (FSE) deposit in the Philippines.
China Construction Bank Corporation (CCB) (HKG: 0939) (601939.SS) (OTC: CICHF.PK), China's largest mortgage lender by assets, has allowed its branches to raise the minimum down-payment and mortgage rates for first-time home buyers in regions with high property prices, Dow Jones has reported, citing an official at the bank.
Interest subsidies may be successful at increasing the affordability of owner-occupied housing and improving the sustainability by lowering monthly payments, but recent research suggests that down-payment assistance is the superior way to achieve both goals.
Despite the attractiveness of available down-payment assistance programs, officials in both Springfield and Eugene say funds have been going begging in recent years.
American Express announced it would begin to pilot card acceptance for condominium down-payments just this week.
Recent trends in mortgage lending have significantly affected FHA, including increased use of automated tools (e.g., mortgage scoring) to underwrite loans, increased competition from lenders offering low-and no-down-payment products, and a growing proportion of FHA-insured loans with down-payment assistance.
Through the American Dream Down-payment Initiative, we're providing help with down-payments and closing costs to low- and moderate-income families.