What is the best way to save for a down payment?

Answer A down payment is usually required to purchase a home or other big-ticket item. The more money you put down, the less you have to finance and the lower your monthly payment will be. Planning ahea... Read More »

Top Q&A For: What is the best way to save for a down payment

The Best Way to Save for a Down Payment?

If you are thinking about buying a large expensive item such as a house, car, boat or some land, you will probably need a down payment in order to make that purchase. A down payment refers to the u... 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 »

How does a down payment affect a car payment?

Many car dealerships require you to have a down payment when you are financing a car. A down payment decreases the chances that you will default on the loan. Having a down payment also affects the ... Read More »

What is the minimum down payment for FHA?

As of April 2010, a Federal Housing Administration (FHA) mortgage requires the borrower to have a down payment of at least 3.5 percent in order to qualify for a new mortgage loan.Source:US Departme... Read More »