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

question 72

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)private mortgage insurance (PMI)
• D)application fees
• E)homeowner's insurance

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Definitions:

Overcrowding

A situation where more people are situated within a space than is comfortable, safe, or desirable.

Social Interactions

The processes by which individuals act and react in relation to others, including communication, influence, and relationship building.

Source of Stress

Any factor, whether internal or external, that challenges the emotional or physical well-being, leading to stress.

Air Pollution

The presence of harmful substances in the air, resulting from industrial activities, vehicle emissions, and other sources, which can affect human health and the environment.