What is a Down Payment?
- ngramuglia3
- Apr 17, 2023
- 1 min read
The down payment is the amount of money a buyer has saved in order to purchase a property. This can typically range from 5 - 20% of the home's cost. Considering a career in real estate? Check out our upcoming pre-licensing courses here: tocrres.com/register
The cash up front paid by the buyer in real estate transactions and other significant purchases is a down payment on a house. Typically, down payments represent a portion of the purchase price. Garage Door Services Near Me in USA