Which can you conclude from this passage?
A. It is better to put less money down on a house.
B. People with little money should not buy houses.
C. Buying a house is an important Investment.
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The Mortgage
When you buy a house, you take on a very large loan. The loan
is called a mortgage. It probably will be the biggest loan you will
ever have. One choice you have to make is how much money to
put down on the house. For example, if the house costs
$80,000, you could pay $20,000 and owe $60,000 to the bank,
or you could pay only $3,000 and owe much more. The more
the down payment is, the less you pay per month on the house.
A smaller down payment could be wise. This depends on your
monetary needs. The interest you pay on the loan is greatest at
the start of the loan. You can take this interest off your taxes, so
you might save money on taxes with a smaller down payment.
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