Which of the following is the most correct statement about using a realtor when purchasing a house? A. Only someone who is purchasing a house can use a realtor. The seller of a house cannot use a realtor. B. The realtor will pre-qualify you for a home loan during the home purchase process. C. Using a realtor will make the process easier for you, but it will increase the cost by roughly 1.5%. D. The realtor will be the primary person involved in the settlement or closing process of purchasing a house. Your gross income is $7,000 per month. The average interest rate (APR) for house loans is 4% APR. You want a house loan with a term of 15 years with monthly payments. The monthly homeowners insurance premiums and property taxes will be $350 Using the 28% rule (Method 1) for determining your maximum mortgage, what is the maximum house loan that you can afford? A. $47,317 B. $300,000 C. $293,367 D. $217,659 The usual down payment percentage for a home purchase is: A. 20% of the purchase price B. 20% of the mortgage (loan) C. 10% of your annual salary D. 36% of the purchase price