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.
For a 30-year loan with a down payment of less than 5%, your premiums will be 0.85% (down from 1.35%) of the outstanding balance each year. That cost is typically divided into 12 monthly payments and added to your mortgage payment.Thatâs $850 per year, or about $70 per month, per $100,000 of loan balance.here are smaller and more lenient down payment requirements. Most FHA mortgages require a 3.5% down payment â thatâs $3,500 for every $100,000 you borrow â and the average down payment on an FHA home loan is about 5%, according to Ellie Mae.