2
QuizMultiple Choice
Managing Financial Information
Question 2 • TX-Money Matters
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.