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What is a Down Payment?

A down payment is the portion of the purchase price that you pay upfront, out of pocket, when you buy a home. It's essentially your initial investment in the property or your equity the day of closing. The amount of the down payment is based on many factors including the type of loan.


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Peter Bately
Peter Bately
17 ก.ค.

A down payment is a initial payment made towards the purchase of a large item or service or a high-value asset like a car.


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