2
QuizMultiple Choice

Preparing for the Future

Question 2 • *STPSB_Quest for Success 2627 James

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

Answer
A
Mortgage
B
Closing fee
C
Down payment
D
Utility cost

Explanation

The upfront portion of a home’s price that a buyer pays is called a down payment. The rest is typically borrowed through a mortgage, which must be repaid over time. Therefore, the correct choice is “Down payment.”

AI-written and checked against the verified answer.

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