Answers Financial Literacy WMHS - Semester 1 Mortgages and Home Ownership — Unit testQuestion 5

5

QuizMultiple Choice

Mortgages and Home Ownership — Unit test

Question 5 • Financial Literacy (WMHS) - Semester 1

If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to

Answer

A

pay $20,000 up front.

B

pay $40,000 up front.

C

take out a mortgage for $200,000.

D

take out a mortgage for $220,000.

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