____ is(are)an ongoing cost of home ownership.
A)The down payment
B)Closing costs
C)Property taxes
D)Sales taxes
E)Points

Question

Quizplus · Accepted Answer

Property taxes are an ongoing cost of homeownership. They are assessed by local governments and are usually based on the value of the property. Homeowners must pay property taxes every year for as long as they own the home. The other options listed (A, B, D, E) are not ongoing costs, but rather one-time expenses incurred during the purchase or refinancing process.

____ Is(are)an Ongoing Cost of Home Ownership