Can Down Payment Be Used As Equity?

Answer Buying a home is a big financial undertaking. For many Americans, their home is one of their biggest assets. Understanding the many facets of home ownership and financing is key to making smart dec... Read More »

Top Q&A For: Can Down Payment Be Used As Equity

Can I Use Equity in Present Home As Down Payment for Second Home?

Homeowners buying a second property or new home can extract funds from equity in their current home for use as a down payment. People who have an existing home equity line of credit, or HELOC, have... Read More »

How to Trade Down a Used Car With Negative Equity?

Trading in a used car with negative equity, also known as being "upside down," is possible. Depending on the amount you will have to carry over, money you have to put down, credit rating and curren... Read More »

Can I deduct my car down payment and following payments if the car is used mainly for work?

If you are using your car for business purposes, you can deduct the usage in one of two ways: actual expenses or standard mileage. With the standard mileage method, you record the miles driven for... Read More »

What is the difference between down payment and under table payment ........?

In the US when we close on a house there is not a line item on the closing statement (HUD1) for the "down payment". Instead it just shows that you obtained X amount from your loan and owe so much ... Read More »