Defining Down Payment

When you buy a home, you're likely to run into a number of real estate terms. Let's look at one. Down Payment. A down payment is made by the buyer at the beginning of a home purchase to show commitment to the transaction.

It's usually a percentage of the total price of the home, and paid through a wire transfer. This payment is immediately applied to the buyer's equity position in the property.

Start Your Search Now

Let's get the home buying process started.

Fill out the form below to schedule a one on one consultation to take the next steps towards your home purchase.

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
Back
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
Back
home

Would you like to schedule a consultation now?

Yes
No
Back

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo
Back

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value
Back