Question

In order to buy most homes, you have to arrange an up front payment of a portion of the house value, called a ________. a. Mortgage b. Closing fee c. Down payment d. Utility cost Please select the best answer from the choices provided A

Answer 1

Answer:

C. Down payment

Explanation:

The down payment of a house is simply part of the price of the house that you pay up front. A down payment reduces the risk to the lender because it ensures that the ones buying the house can afford the mortgage.

I hope this helps! If you have any questions about what I said please leave them down in the comments!