Mortgages

Front

What happens to the loan amount when you put down a larger down payment?

Back

Decreases

Front

What happens to the cost of a loan when the APR is higher?

Back

Loan cost increases

Front

What is the consequence of having a poor credit score?

Back

May pay a higher APR

Front

I avoid paying a PMI if I make a down payment of __________________ or more.

Back

20%

Front

I avoid paying a PMI if I make a down payment of __________________ or more.

Back

20%

Front

You want to pay less in overall interest. Every loan APR is the same. Select the best mortgage for you: 10 year loan, 15 year loan, 20 year loan, 30 year loan.

Back

10 year loan

Front

Is a home often a better investment than the stock market?

Back

Disagree

Front

There are times that renting is better than buying. Options: Agree, Disagree

Back

Agree

Front

Is buying your own home usually a better choice than renting, assuming you do not overborrow or overpay, have a stable job, and have no desire to move?

Back

Agree

Front

Does it make more financial sense to use extra income to invest more in the financial markets than paying off a mortgage early?

Back

Agree