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.
The higher your down payment, the lower your monthly interest rate will be on your mortgage payment. According to MSN money, a traditional down payment is 20 percent of the homeâs selling price. On a $215,000 home, a 20 percent down payment would be $43,000. Lenders may be willing to offer you a mortgage with a much lower down payment, but your monthly mortgage payment will be significantly greater. So far, your dream home has drained your bank account of $43,000 in out-of-pocket expenses.