Referral (medicine) From Wikipedia, the free encyclopedia. In medicine, referral is the transfer of care for a patient from one clinician to another. Tertiary care is usually done by referral from primary or secondary medical care personnel.
A down payment of at least 20 percent lets you avoid mortgage insurance. To explain how bankers and real estate agents talk about down payments, letâs say you buy a house for $100,000: A 3 percent down payment means that you pay the seller $3,000 and you borrow $97,000. Find a low down-payment mortgage today. With a 20 percent down payment, you would pay the seller $20,000 and you would borrow $80,000. Sometimes youâll hear a phrase like, âAlex put 20 percent down on the house.â That means that Alex made a 20 percent down payment. The money for a down payment can come from: Your own savings.
Mortgage insurance won't cover investment properties, so you need at least 20% down to secure traditional financing for them. If you can put down 25%, you may qualify for an even better interest rate, says Todd Huettner, a mortgage broker and president of Huettner Capital in Denver.If you don't have the down payment, you can try to obtain a second mortgage on the property, but it's likely to be an uphill battle.f you can put down 25%, you may qualify for an even better interest rate, says Todd Huettner, a mortgage broker and president of Huettner Capital in Denver. If you don't have the down payment, you can try to obtain a second mortgage on the property, but it's likely to be an uphill battle.