UJIONI POITIL e 1: Which of the following is true regarding conventional mortgages?! They are a form of closed mortgage They require a down payment of at least twenty-five percent They result in more favourable interest rates for the buyer They require a down payment of at least twenty percent Question 4 (1 point) What should be the first step in the home-buying process? Interview three realtors Compare the costs of buying versus renting Determine the price range for houses in your target area Determine how much you can afford to pay monthly for a mortgage