If You Made a Down Payment of $11,000 on a $110,000

question 63

Multiple Choice

If you made a down payment of $11,000 on a $110,000 house,the lender no doubt will require ____ as a result of the size of the down payment.

• A) closing points
• B) a bond
• C) mortgage insurance
• D) application fees
• E) homeowner's insurance

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Definitions:

Exposure

is the state of being exposed to something, which can refer to elements such as light, ideas, diseases, or chemicals, affecting individuals or groups differently based on duration and intensity.

Gender

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Patterns of Touch

Standard ways in which individuals use physical touch to communicate emotions, intentions, or cultural meanings.

Emotional Support

Assistance provided through empathy, concern, and understanding to help someone cope with their emotions and problems.