UBHL3 BW Finance

Front

What word means the part of the price paid at the time of purchase?

Back

Down Payment

Front

What word means the same thing as borrowed?

Back

Financed

Front

When someone purchases a house using a loan, their payment is called a ___________________.

Back

Mortgage

Front

The selling price of a home is $258,400 with a 25% down payment. What is the cost of the down payment?

Back

$64,600

Front

The charges for settling a real estate transaction are also called _______costs.

Back

Closing

Front

The amount of a mortgage a person can afford is affected by: the location of the house, her or his income, the cost of insurance, his or her age

Back

her or his income