Provide an appropriate response.
-A mortgage lender will typically require a down payment of 40% to 50% of the
purchase price.

Name: Provide an appropriate response. -A mortgage lender will typically require a down payment of 40% to 50% of the purchase price.
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Question

Quizplus · Accepted Answer

Most mortgage lenders require a down payment in the range of 3% to 20% of the purchase price, depending on the type of loan and the borrower's creditworthiness.

Provide an Appropriate Response