down payment

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down payment

the deposit paid on an item purchased on hire-purchase, mortgage, etc.
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Obviously, it would be better for home buyers to make a down payment of 20% or more and have several months of cash reserves when they purchase a home.
The reality is that the average down payment for a first-time buyer is about 6% -- and often less.
The average down payment percent in the top 10 most competitive metros is 16 percent, two points higher than the average down payment percent found across all the cities looked at in the study.
Alongside these down payment schemes, the Airtel Online Store is also offering instant financing with EMIs that come with a built-in postpaid plan.
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.
The typical down payment for 60 percent of first-time home buyers is 6 percent or less, according to NAR's latest data.
Interested homebuyers can attend the free homebuyer event on August 26-27 when eligibility will be determined for an opportunity to reserve a matching down payment assistance grant ranging from $2,500 up to $7,500 based on the homebuyers contribution.
A total of Rs885 million will be collected from the officers of grades 20 to 22 in term of down payments.
In 2014 alone, 13 percent of home purchases were bought using a loan or gift from friends or family for the down payment, according to Zillow.
"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 16.98 percent in the first quarter of 2015.