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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 Please select the best answer from the choices provided A

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Answer:

C. Down payment

Explanation:

The down payment of a house is simply part of the price of the house that you pay up front. A down payment reduces the risk to the lender because it ensures that the ones buying the house can afford the mortgage.

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