A down payment is the amount of money you put towards the purchase of a home. Your lender deducts the down payment from the purchase price of your home. Your mortgage covers the rest of the price of the home.
The minimum amount you need for your down payment depends on the purchase price of the home.
DO NOT FORGET TO FOLLOW US ON:
Mani’s Instagram: www.instagram.com/mani_bagga
Mani’s Facebook: www.facebook.com/BaggaTeam/
Mani’s LinkedIn: www.linkedin.com/in/manibagga/