Down Payment


Definition of "Down Payment"

Susan Bernhard
  Monaghan Group of Kutztown Realtors

Partial payment needed of the purchase price when a house is purchased. The down payment represents an element of the total cost. See also earnest money.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Intermediation

A court order on an issue directly related to the immediate action. ...

Threshold Level

Minimum degree of injury or loss for which an injured party can sue, even though covered by no fault ...

Interest Sensitive Cash Flow Analysis

Measurement of the response of the cash flow of an insurance company to various interest rate scenar ...

Prepaid Group Practice Package

Health insurance plan where a group of physicians and dentists provide medical services to a group o ...

Ex Post Facto

Act occurring after the fact. ...

Blue Cross

Independent, nonprofit, membership hospital plan. Benefits provided include coverage for hospitaliza ...

Related Real Estate FAQ

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Earnest Money Tax Breaks for the First Time Home Buyer What is the Best Time of Year to Buy a Home? What is Hazard Insurance? How Does The Home Loan Underwriting Process Work?

FAQ

How big is an acre? What is homeowners insurance? Why do people refinance? What is hazard insurance? What is a loan origination fee?