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Can you use land as a down payment when purchasing a home?
Yes, it is possible to use land as a down payment when purchasing a home. This can be done by using the equity in the land as part of the down payment for the new home.
Can land be used as a down payment when purchasing a home?
Yes, land can be used as a down payment when purchasing a home, but it depends on the lender's policies and the value of the land.
What is the required percentage for a down payment when purchasing a car?
The required percentage for a down payment when purchasing a car typically ranges from 10 to 20 of the car's total price.
Where does the down payment go - to the seller or the bank?
The down payment goes to the seller when you buy a house.
How does the down payment affect the monthly payment amount when purchasing a car?
The down payment on a car reduces the amount of money you need to borrow, which can lower your monthly payment amount. A larger down payment typically results in a smaller monthly payment, while a smaller down payment usually leads to a higher monthly payment.
Car dealer forgot down payment?
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
Can you use land as a down payment when purchasing a home?
Yes, it is possible to use land as a down payment when purchasing a home. This can be done by using the equity in the land as part of the down payment for the new home.
Can land be used as a down payment when purchasing a home?
Yes, land can be used as a down payment when purchasing a home, but it depends on the lender's policies and the value of the land.
What is the required percentage for a down payment when purchasing a car?
The required percentage for a down payment when purchasing a car typically ranges from 10 to 20 of the car's total price.
What do you do if the dealer forgets to collect down payment?
sue him
Where does the down payment go - to the seller or the bank?
The down payment goes to the seller when you buy a house.
If a deal is closed and you've made payments for 11 months to the bank and dealer later notifies that there is a downpayment debt of x amount can he repo and if he does will it cancel the debt?
A dealer can not repo the vehicle. The dealer can howecer sue you to get the down payment money if he can prove you owe it.
How does the down payment affect the monthly payment amount when purchasing a car?
The down payment on a car reduces the amount of money you need to borrow, which can lower your monthly payment amount. A larger down payment typically results in a smaller monthly payment, while a smaller down payment usually leads to a higher monthly payment.
What is the required 50 down payment for purchasing a car?
The required 50 down payment for purchasing a car is half of the total cost of the car that needs to be paid upfront before taking out a loan or financing the remaining amount.
How long will a dealer hold a car with a down payment?
How long a dealer will hold a car with a down payment depends on the dealer. It is a good idea to get a time frame in writing. Some dealers will sell a car within a couple of days if you do not complete the transaction.
How does using land as a down payment work when purchasing a property?
Using land as a down payment when purchasing a property involves offering the land you already own as part of the initial payment for the new property. This can help reduce the amount of cash needed upfront and may be accepted by the seller as a form of payment.
Does pre-approval include the down payment?
No, pre-approval does not include the down payment. Pre-approval is based on your creditworthiness and income, while the down payment is a separate amount you need to pay when purchasing a home.
