What Is A Down Payment?

If you are applying for a loan, you will usually be required to make a down payment. The more you put down, the stronger your offer, and the lower the risk to the lender. That being said, don’t be discouraged if you intend to make an offer with a lower down payment. Remember that even if your offer isn’t strong in this area, there are other areas where you can strengthen your offer.

Updated on: 02/29/2024