Respuesta :
Answer: B) Down Payment
This is basically the amount of money Gerald hands over to the seller so that the buying process is started. This money is paid all at once instead of spread out over time, as the future monthly mortgage payments will do.
This often includes extra fees, taxes, insurance, etc though those other fees might be separate. The higher the down payment, the lower amount that is borrowed meaning there is less to pay over time. Also, Gerald may have the option to buy points so he can lower his interest rate (also saving money over the long run).
Answer:
B) down payment
Step-by-step explanation:
on plato
