8
QuizMultiple Choice
Mortgages and Home Ownership
Question 8 of 20 • MCHS-Summit (25-26) Financial Literacy
The chart shows the costs associated with the purchase of a new home.
Answer
A
It is too expensive for most people to buy a new home.B
There are additional fees and costs involved in taking out a mortgage.C
Making a down payment means taxes do not have to be paid.D
Fees and taxes make up about 50 percent of the costs of buying a home.