Respuesta :
Jason is interested in spending $185,000 for a house. He has enough money saved to down payment $40,550 on a house. No, it is unlikely that Jason will also have to make a monthly PMI payment.
A down payment is a sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. The buyer will PMI payment frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
Down payments for homes are a typical example of down payments. The down payment ranges from 5% to 25% of the entire cost of the house, with the remaining amount being covered by a mortgage obtained from a bank or other lending organization. Similar rules apply to down payments for PMI payment auto purchases.
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Jason is interested in spending $185,000 for a house. He has enough money saved to down payment $40,550 on a house. No, it is unlikely that Jason will also have to make a monthly PMI payment.
A down payment is a sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. The buyer will PMI payment frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
Down payments for homes are a typical example of down payments. The down payment ranges from 5% to 25% of the entire cost of the house, with the remaining amount being covered by a mortgage obtained from a bank or other lending organization. Similar rules apply to down payments for PMI payment auto purchases.
Learn more about down payment here
brainly.com/question/1114543
#SPJ4
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