Minimum Down Payment  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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Minimum Down Payment

It is very common for a mortgage to require that the borrower puts at least a certain percentage of the value of the property down in cash. For example, with a 200,000 property the lender may require a 10% down payment requiring the borrower to find at least 20,000 from their own resources.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...

Mortgage Glossary

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