Jumbo Mortgage Down Payment Requirements Harp Extension Seller Pays Down Payment 8 things you should know about down payments – Inman – 8 things you should know about down payments.. What is the down payment? A: The down payment is the property value less the loan amount.. home sellers are allowed to pay purchasers.switch mortgage lenders switching mortgage providers | Scenarios, Fees and More – Why You Would Switch Providers . There are two scenarios when it makes sense to switch providers: 1. To obtain a lower mortgage rate . If another lender can offer you a lower mortgage rate than what your current mortgage provider has, switching would save you from having to pay potentially thousands of dollars in interest charges.