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.
Applicants with a better credit rating increase their options for mortgage or refinance loans. In order to qualify for the low 3.5 percent FHA loan down payment, applicants will need a FICO score of at least 580. Those that don't meet that criteria will have to put a down payment of 10 percent on the mortgage they want.