Read CAREFULLY, then determine the correct answer. 4. Considering the curront home makel conditions, the down payment on a home is usually __ of the sale price. A. 0% B. 10% C. 20% D. 25% A B D 5 points

To determine the correct answer, we need to consider the typical down payment required for a home purchase.<br /><br />The correct answer is C. $20\%$.<br /><br />Explanation:<br />- A down payment is the amount of money that a buyer pays upfront when purchasing a home, and it is typically a percentage of the sale price.<br />- The down payment is used as collateral for the mortgage loan and helps to reduce the amount of money the buyer needs to borrow.<br />- In the current home market conditions, a common down payment requirement is 20% of the sale price. This is considered a standard down payment amount and is often required by lenders to avoid private mortgage insurance (PMI).<br />- A 20% down payment reduces the loan-to-value ratio, which is the ratio of the loan amount to the appraised value of the property. A lower loan-to-value ratio is generally preferred by lenders as it indicates a lower risk for the loan.<br />- Therefore, the correct answer is C. $20\%$.