Final answer:
The statement is False. There is a flat fee of $500 for each multiple of $100,000 that you finance on a new home.
Step-by-step explanation:
The statement is False. The given question is about financing on a new home. According to the question, there is a flat fee of $500 for each multiple of $100,000 that you finance on a new home. This means that for every $100,000 financed, there would be an additional fee of $500. For example, if you finance $200,000, there would be a fee of $1000 ($500 for each $100,000). So, the statement is False because the fee is not a flat fee for each multiple of $100,000 financed, but it increases with the amount financed.