down payments (Meaning)
down payments
a part of the full price paid at the time of purchase or delivery with the remainder to be paid later, the first step in a process, a part of the full price paid at the time of purchase or delivery with the balance to be paid later
Synonyms & Antonyms of down payments
Synonyms:
down payments Sentence Examples
- Homebuyers typically make a sizable down payment of 20% to secure a mortgage.
- The amount of the down payment can significantly influence the loan amount and monthly payments.
- Some lenders offer flexible down payment options, including low-down or no-down payment loans.
- A lower down payment may result in higher interest rates and private mortgage insurance (PMI).
- First-time homebuyers may be eligible for down payment assistance programs from government agencies.
- Down payments can be made using cash, a gift from family or friends, or a down payment assistance loan.
- It's crucial to factor in closing costs and moving expenses when budgeting for a down payment.
- Down payments on rental properties can help reduce monthly rent payments and build equity.
- Real estate investors often consider down payments as a means to leverage their returns on investment.
- Down payments for commercial properties are typically higher than those for residential properties and can be negotiated with the seller.
FAQs About the word down payments
a part of the full price paid at the time of purchase or delivery with the remainder to be paid later, the first step in a process, a part of the full price pai
guarantees,deposits, handsels, pawns,earnests, gages, pledges, securities, bails, promises
No antonyms found.
Homebuyers typically make a sizable down payment of 20% to secure a mortgage.
The amount of the down payment can significantly influence the loan amount and monthly payments.
Some lenders offer flexible down payment options, including low-down or no-down payment loans.
A lower down payment may result in higher interest rates and private mortgage insurance (PMI).
