Buying a house with no money down Meaning and Definition
Buying a House with No Money Down
Pronunciation
(/ˈbaɪɪŋ ə ˈhaʊs əv ˈnəʊ ˈmʌni ˈdaʊn/)
Part of Speech
Noun phrase
Definition
A technique of purchasing a house without making a down payment, often using alternative financing methods, such as a no-money-down mortgage or a government-backed loan.
Examples
- John is looking into “buying a house with no money down” options to get onto the property ladder.
- The financial advisor recommended “buying a house with no money down” for first-time homebuyers.
Synonyms
- Zero-down mortgage
- No-down-payment mortgage
Antonyms
- Conventional mortgage
- High-down-payment mortgage
Etymology
The term “buying a house with no money down” is a modern financial concept that has evolved from the need for affordable housing solutions.
Usage Notes
This phrase is typically used in real estate or financial contexts, particularly when discussing mortgage options or homeowner financing.
Cultural References
This term has been referenced in various financial articles and blogs, as well as in conversations about real estate and personal finance.
Idiomatic Expressions or Phrases
This phrase is often used as part of an idiomatic expression, such as “buying a house with no money down is a risk” or “buying a house with no money down requires careful planning.”
Related Words or Phrases
Related terms include “down payment,” “mortgage,” “finance,” and “real estate.”
Collocations
This phrase often collocates with words like “mortgage,” “loan,” “credit,” and “interest.”
Frequency of Use
This phrase is relatively uncommon in everyday language, but it is becoming more prevalent in financial and real estate discussions.
Common Misspellings
Common misspellings include “Bying a house with no money down” and “Buying a hous with no money dow.”