What is down payment with regard to buying a house?

A. a part of the purchase price paid in installments

B. a part of the purchase price paid in cash

C. an interest on the purchase price

Question

Graham Mccarthy

Mathematics

10 March, 23:23

What is down payment with regard to buying a house?

A. a part of the purchase price paid in installments

B. a part of the purchase price paid in cash

C. an interest on the purchase price

+5

Answers (1)

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Christine Cabrera · Answer 1

Down payment with regard to buying a house is B. a part of the purchase price paid in cash.

It is what you pay when you make the deal, and it is usually non-refundable. You pay this to make the seller sure that you won't give up on buying that house.

What is down payment with regard to buying a house?A. a part of the purchase price paid in installmentsB. a part of the purchase price paid in cashC. an interest on the purchase price

What is down payment with regard to buying a house?

A. a part of the purchase price paid in installments

B. a part of the purchase price paid in cash

C. an interest on the purchase price