|
Down Payment
The amount of money initially given by the borrower to close a mortgage.
The down payment equals the sales price less financing.
It's the very first bit of equity you'll have in the home.
Financial terms alphabetically:
| #
| A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
|