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owner up front. Buyers also take out a mortgage. This is s loan toward the purchase off the loan over a set time period The most common is 30 years. The mortgage cor interest-a percentage of the loan amount -for the use of Its money. At this point, th actually owns the home. But you also have money invested-your down payment. Th home,the more payments you make on the mortgage. Soon you'll have more money But in the beginning the home isn't making you any money. If you sold it, you'd only you paid into it Since you're paying interest on the loan you won't get all your mone you buy a house? QUESTION 2 What is the purpose of the first sentence of paragraph 57 Select one answer. A to introduce the idea that houses cost too much B to explain how to apply for a mortgage to discuss whether buying a home is a good idea D to describe the way people usually pay for a home

Question

owner up front. Buyers also take out a mortgage. This is s loan toward the purchase off the loan over a set time period The most common is 30 years. The mortgage cor interest-a percentage of the loan amount -for the use of Its money. At this point, th actually owns the home. But you also have money invested-your down payment. Th home,the more payments you make on the mortgage. Soon you'll have more money But in the beginning the home isn't making you any money. If you sold it, you'd only you paid into it Since you're paying interest on the loan you won't get all your mone you buy a house? QUESTION 2 What is the purpose of the first sentence of paragraph 57 Select one answer. A to introduce the idea that houses cost too much B to explain how to apply for a mortgage to discuss whether buying a home is a good idea D to describe the way people usually pay for a home

owner up front. Buyers also take out a mortgage. This is s loan toward the purchase off the loan over a set time period The most common is 30 years. The mortgage cor interest-a percentage of the loan amount -for the use of Its money. At this point, th actually owns the home. But you also have money invested-your down payment. Th home,the more payments you make on the mortgage. Soon you'll have more money But in the beginning the home isn't making you any money. If you sold it, you'd only you paid into it Since you're paying interest on the loan you won't get all your mone you buy a house? QUESTION 2 What is the purpose of the first sentence of paragraph 57 Select one answer. A to introduce the idea that houses cost too much B to explain how to apply for a mortgage to discuss whether buying a home is a good idea D to describe the way people usually pay for a home

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LailahMaster · Tutor for 5 years

Answer

The correct answer is **D. to describe the way people usually pay for a home.**<br /><br />The first sentence of paragraph 5 states, "Most people don't pay for a house all at once." This sentence sets up the rest of the paragraph, which explains the common practice of using a mortgage (loan) and a down payment to purchase a home. It's a general description of the typical home-buying process, not an evaluation of its cost-effectiveness or instructions on applying for a mortgage.<br />
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