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

Answer 1

the correct answer your looking for is Down Payment, C, because if you ever watched a car commercial they expect a payment up front to buy that drive off with that car, same thing with a house. hope this helped!

Answer 2

In order to buy most homes, you have to arrange an up front payment of a portion of the house value, called a "down payment".

A down payment is a direct front installment you make to buy a home, vehicle, or other resource. The up front installment is the segment of the price tag that you pay for yourself out-of-stash (instead of acquiring). That cash normally originates from your own investment funds, and by and large, you pay with a check, Visa, or an electronic installment.