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

Flashcard
•
Life Skills
•
12th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
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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