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Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer.

Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.

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Q: What is the difference between advance payment and down payment?
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What type of purchases require a down payment?

Several purchases require a down payment. Some examples are houses, cars and boats. The amount of the down payment is negotiated between the buyer and the seller of the purchase.


What happens when a mortgage defaults after a gift of equity?

The title to the property was transferred to the new owner at below market price. The difference between the transfer price and the fair market value is called a gift of equity and some lenders will allow the borrower to use that amount as a down payment. If there is a default in paying the mortgage the lender will take possession of the property by foreclosure. As with any cash down payment, in the case of a foreclosure the gift of equity is gone. You don't get the down payment back.The title to the property was transferred to the new owner at below market price. The difference between the transfer price and the fair market value is called a gift of equity and some lenders will allow the borrower to use that amount as a down payment. If there is a default in paying the mortgage the lender will take possession of the property by foreclosure. As with any cash down payment, in the case of a foreclosure the gift of equity is gone. You don't get the down payment back.The title to the property was transferred to the new owner at below market price. The difference between the transfer price and the fair market value is called a gift of equity and some lenders will allow the borrower to use that amount as a down payment. If there is a default in paying the mortgage the lender will take possession of the property by foreclosure. As with any cash down payment, in the case of a foreclosure the gift of equity is gone. You don't get the down payment back.The title to the property was transferred to the new owner at below market price. The difference between the transfer price and the fair market value is called a gift of equity and some lenders will allow the borrower to use that amount as a down payment. If there is a default in paying the mortgage the lender will take possession of the property by foreclosure. As with any cash down payment, in the case of a foreclosure the gift of equity is gone. You don't get the down payment back.


For a two-door car that is marked at 6995 a car dealership offers a down payment deal of 1000 or 20 Percent down with approved financing How much is the difference between the two offers?

399.00


What is the difference between cut in and break down voltage?

what is the difference between cut- in and cut -out


Do you get your down payment back when you sell your house?

in a way yes. you should sell your home for the market value which is what the home is worth this includes what you paid as a down payment since it lowered the amount that you financed. the only thing that you lose is any closing costs that you must pay plus commissions. you get to keep the difference between what the home is worth and what you still owe.


What is the down payment on a bugatti?

A down payment for select buyers is $360,000


What is the duration of No Down Payment?

The duration of No Down Payment is 1.75 hours.


What is the difference between lying down and laying down?

You lay something down; you lie down yourself


What is the difference between recession and depression?

The difference between the depression and a recession is a recession is the down on an up and down rollercoaster. While the depression, there was no way to tell when it would end.


What are the difference between purchases and deferred payment?

........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid


When was No Down Payment created?

No Down Payment was created on 1957-10-30.


How does a reverse mortgage purchase work?

Similar to a purchase with a regular mortgage. The difference is that you need a large enough down payment to qualify, and you won't ever have to make a mortgage payment on the new home.