Final answer:
The down payment and escrow deposits for property taxes and home insurance are likely charges that will appear as debits on Linda and Chris's settlement statement when purchasing their first home.
Step-by-step explanation:
Linda and Chris, as homebuyers, will encounter various charges on their settlement statement which will appear as a debit. The most significant charge would likely be the down payment, which is a portion of the home's purchase price that is paid upfront. For a home that costs $100,000, a typical 20% down payment would be $20,000, leaving an $80,000 mortgage balance. Other potential debits on the settlement statement could include escrow deposits for property taxes and home insurance, which are funds held by a third party to be used for paying these bills as part of the normal monthly payment.