

Chapter 7 Vocab review
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Regularly occurring expense, e.g., mortgage or property taxes.
Back
recurring cost
2.
FLASHCARD QUESTION
Front
Tenant stops paying rent and is kicked out.
Back
Eviction
3.
FLASHCARD QUESTION
Front
Proves to the seller you're a serious buyer; 1-5% of asking price.
Back
Earnest money deposit
4.
FLASHCARD QUESTION
Front
One-time cost examples: closing cost, down payment, title search.
Back
non-recurring cost
5.
FLASHCARD QUESTION
Front
Balloon Mortgage is:
Back
very large last payment, with all other payments relatively low.
6.
FLASHCARD QUESTION
Front
Fee to lower mortgage interest rate.
Back
Mortgage points
7.
FLASHCARD QUESTION
Front
A loan for a home is:
Back
mortgage
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