Housing Vocabulary

Housing Vocabulary

Assessment

Flashcard

Life Skills

12th Grade

Hard

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14 questions

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1.

FLASHCARD QUESTION

Front

What is the loan from the bank for the purchase of a house?

Back

Mortgage

2.

FLASHCARD QUESTION

Front

An ______ is something you fill out to rent a home or apartment.

Back

application

3.

FLASHCARD QUESTION

Front

Which statement below is TRUE?
After selling your home, you could make a profit.
After renting, you can make a profit off the home.

Back

After selling your home, you could make a profit.

4.

FLASHCARD QUESTION

Front

Which statement below is TRUE?
Options: You will always make more money buying a home than renting. Renting could help you save money so that you can invest it in stocks.

Back

Renting could help you save money so that you can invest it in stocks.

5.

FLASHCARD QUESTION

Front

Which statement below is TRUE? Buying a home has the potential for more expenses. Renting has the potential for more expenses.

Back

Buying a home has the potential for more expenses.

6.

FLASHCARD QUESTION

Front

The agreement between a renter and a landlord is:

Back

Lease

7.

FLASHCARD QUESTION

Front

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

Back

True

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