You plan to purchase a house for $180,000 using a 30-year mortgage obtained from your local bank. You will make a down payment of 10 percent of the purchase price. You will not pay off the mortgage early. Assume the homeowner will remain in the house for the full term and ignore taxes in your analysis. a. Your bank offers you the following two options for payment. Which option should you choose? b. Your bank offers you the following two options for payments. Which option should you choose?

choose the first one

Explanation:

get the debt over faster

The above scenarios is an example of PHISHING, a category of social engineering.

Phishing is defined as an attempt to get confidential information like credit card details, usernames and passwords by presenting itself as a trusted entity in an electronic communication. 

A lot of phishing incidents have already been happening in the real world and lots of money from bank accounts have been stolen because the thief will then assume the electronic identity of the owner and make unauthorized transactions.