Buying A Home

Front

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

Back

his or her income.

Front

Buying a home will usually have fewer upfront costs than renting:

Back

False

Front

A larger down payment will reduce the amount of the mortgage needed.

Back

True

Front

If you can't put 20% down, what additional payment do you have to make each month (for approx 10 years)?

Back

PMI

Front

Property tax rates vary from city to city and state to state.

Back

True

Front

What does FHA stand for?

Back

Federal Housing Administration

Front

The standard down payment on a home is 3% of the purchase price.

Back

True