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This is not the stuff that induces an athlete to make a large down payment on something permanent.
The regulators' plan would exempt more loans than earlier proposals by eliminating a requirement that so-called qualified residential mortgages include a large down payment.
She made a large down payment, but because each month she paid less than was necessary to pay off the loan, her debt swelled to about $300,000.
They had only a little cash to bring to the table but, with the federal government insuring the transaction, a large down payment was not necessary.
Democrats want a large down payment, financed immediately by higher taxes on the rich, preferably by simply letting the top two income tax rates from the Bush era expire.
"The banks got so much from us, including a large down payment, I think it's fair we're not paying," said Mr. Lukasz, who works the night shift in an envelope factory.
Similar(32)
In Bronxville, condos have traditionally attracted empty nesters because of the large down payments the co-op boards required.
Only a few lenders continue to offer them, and typically to borrowers with deep cash reserves and large down payments.
As home sales have slumped and banks become loath to lend to borrowers who don't deliver large down payments, the business has suffered.
The New Century Financial Corporation, for instance, waived its normal credit rules if home buyers put down large down payments, had substantial savings or demonstrated "pride of ownership".
People who bought second homes in the Catskills, she said, have tended to buy places they could afford, and to make large down payments.
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