Bulgar Digital, August 14, 2023
- BULGAR

- Aug 14, 2023
- 1 min read
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A down payment is a required upfront payment made by the borrower when securing a mortgage. It is typically home equity lenders expressed as a percentage of the home’s purchase price. The higher the down payment, the less the borrower needs to borrow, which can result in lower monthly payments and better loan terms.