_what-is-a-mortgage-downpayment.jpg "What Is A Mortgage Downpayment? from housing loan bill video Video Screenshot Preview")
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⏲ Duration: 2 min 56 sec
✓ Published: 20-Oct-2021
✓ Published: 20-Oct-2021
Description:
Sometimes it’s difficult to understand why you need to pay a downpayment, especially since the goal of a loan is to get money in your hands! Seems kinda backwards doesn’t it. Well, in a situation like a home loan, the downpayment is a requirement to prove to your lender that you are financially responsible enough to pay back the loan. Imagine loaning money to somebody who never helps cover the bill at a restaurant? It’s kinda like that, but obviously more complicated. Let’s solve the mys
Sometimes it’s difficult to understand why you need to pay a downpayment, especially since the goal of a loan is to get money in your hands! Seems kinda backwards doesn’t it. Well, in a situation like a home loan, the downpayment is a requirement to prove to your lender that you are financially responsible enough to pay back the loan. Imagine loaning money to somebody who never helps cover the bill at a restaurant? It’s kinda like that, but obviously more complicated. Let’s solve the mys
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