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Does the down payment for a house take money off the loan from the bank?
No, the "down payment" is made directly from the buyer to the seller and is on top of the amount loaned by the bank to complete the purchase price. In a sense, the larger the down payment the smaller the loan that will be needed, so it would "take money off the AMOUNT of the loan", but not have any impact on the repayment of the loaned amount. For instance, if my down payment is 90 percent of the purchase price, the loan only needs to cover the remaining 10 percent.
Can you get approved for a mortgage with a 651 credit score?
Sure, although you may have to come up with a larger down payment than someone with a credit score of 700.
What is initial payment on a mortgage called?
Down payment
What is wrong with buying stock on margin?
There is nothing wrong in buying stocks on margin. What the investor must recognize is that there is more risk involved. Aside from the purchased stocks going down, the added burden is having to pay interest on the borrowed funds or the "margin". The other danger is that an investor using margin can buy more stocks. Over speculation can either vastly be beneficial or be a personal income disaster.
What is the definition of the word investor?
Investor refers to someone who puts money into a venture with the expectation of partaking in profits down the line. The risk in investing lies in the fact that the investment might not, in fact, make any profit and the investor loses his investment.
What is the down payment on a bugatti?
A down payment for select buyers is $360,000
What is the duration of No Down Payment?
The duration of No Down Payment is 1.75 hours.
Is auto refinancing difficult or beneficial?
Auto refinancing is usually beneficial. In most cases the interest rate will go down which will lower your monthly payment. However, due to the recent credit crises it is more difficult to qualify for refinancing unless you have a good credit score.
When was No Down Payment created?
No Down Payment was created on 1957-10-30.
Drive a car off the lot but dont qualify for the financing?
If you do not qualify for financing then you will be required to make a larger down payment, and also have a co-signer.
Will you be able to purchase a car if you have a mortgage foreclosue on your credit report?
Yes, but be prepared to be required to have a larger down payment. Your interest rate will also be higher.
Does the down payment for a house take money off the loan from the bank?
No, the "down payment" is made directly from the buyer to the seller and is on top of the amount loaned by the bank to complete the purchase price. In a sense, the larger the down payment the smaller the loan that will be needed, so it would "take money off the AMOUNT of the loan", but not have any impact on the repayment of the loaned amount. For instance, if my down payment is 90 percent of the purchase price, the loan only needs to cover the remaining 10 percent.
When you put a down payment on a car do dealers come down on price?
When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.
What is initial payment on a mortgage called?
Down payment
Can you get approved for a mortgage with a 651 credit score?
Sure, although you may have to come up with a larger down payment than someone with a credit score of 700.
Should you use extra money to pay off your student loans or put it toward a larger house down payment?
Do the math and see where the most benefit would be, considering the interest you would be paying. A larger down payment may make a difference in your house payment, allowing you to put more into your student loan. However, if you have extra money, it may be best to put some of it into a rainy day fund. Eventually, as a home owner, it will save you from borrowing money for a repair.
Can you buy something and take it home if you provide a down payment?
Yes, if your down payment is not the starting payment for a layaway purchase. A layaway plan provides a consistent mechanism for a person to buy a product that they cannot currently afford. That person will put down a payment (known as the "starting payment," "first layaway payment" and "securing payment") and will make subsequent payments until the product is paid for. At that point, the person may bring the product home. More traditionally, a down payment is made on something that you want to take home immediately, reducing the amount that one has to borrow (or finance) to do so. One sees down payments (and associated financing of the rest of the purchase price) on larger ticket items including: home appliances, vehicles, computers, etc. If you wish to buy something that you have a down payment for but do not have enough money to pay for the whole thing, be sure that you choose a seller that provides financing (either in-house or through a third-party).
