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.
At the time of closing, buyers will be required to contribute a down payment. The amount of this down payment depends on the type of loan and credit history of the buyers. Conventional home loans require 20 percent down. During closing the earnest money deposit can be used to reduce the amount of down payment. For example, if you are buying a home for $200,000, your down payment will be $40,000 dollars. If the earnest money deposit is for 3 percent or $6,000, you would be required to provide a down payment of $34,000.