Earnest money is sum of money home buyer deposits

Assignment Help Financial Management

Reference no: EM131340008

1. The majority of each monthly payment at the beginning of the loan goes to pay

A.interest

B.principal

C.homeowner's insurance

D.real estate taxes

2. Earnest money is the sum of money the home buyer deposits with the

A.realtor to view homes

B.seller to indicate intent of purchase

C.realtor for finding the desired home

D.lender to originate the loan

Reference no: EM131340008

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