Question

A is the amount you pay for the purchase of a house that decreases the amount of the loan.
-closing payment
-closing cost
-origination payment
-down payment

Answer 1

The statement that completes the definition is (d) down payment

How to complete the definition?

From the question, we have the following highlights:

• The payment decreases the amount of loan
• The payment is used for purchase

When a part payment is made to procure an item, the part payment is referred to as a down payment

The down payment fits the highlights (1) and (2) stated above

Hence, the statement that completes the definition is (d) down payment

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