Which of the Following Is Not a One-Time Fee Connected

question 116

Multiple Choice

Which of the following is not a one-time fee connected with purchasing a house?

• A)Down payment
• B)Private mortgage insurance
• C)Closing costs
• D)Points
• E)Origination fee

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Definitions:

Alan Baddeley

A psychologist renowned for his work on human memory, particularly for developing the model of working memory.

Working Memory

A mental system designed to hold information momentarily, allowing for its processing and manipulation.

Central Executive

A component of working memory model that is responsible for the control and regulation of cognitive processes.

Hypothetical

Pertains to something that is supposed or assumed to be true or possible for the sake of argument or investigation.