Mortgage Flashcard
Flashcard
•
Mathematics
•
7th - 12th Grade
•
Practice Problem
•
Hard
+19
Standards-aligned
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
A down payment is ________
Back
Money given to the bank before they can Loan you the rest.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
FLASHCARD QUESTION
Front
What factors impact your credit score?
Back
All of the above: How much debt you have, paying your bills on time, missing payments.
3.
FLASHCARD QUESTION
Front
What are your top two priorities when it comes to buying a home?
Back
Consider location and budget.
4.
FLASHCARD QUESTION
Front
What does a bank consider before giving a person a mortgage loan?
Back
All of the above: Credit Score, how much you make per year, Employment.
5.
FLASHCARD QUESTION
Front
What are the benefits to owning your own home?
Back
All of the above: Make changes whenever you feel like it, Have a place that is yours, Build wealth when you pay it off.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
6.
FLASHCARD QUESTION
Front
What is a mortgage?
Back
A loan specifically for purchasing a home.
7.
FLASHCARD QUESTION
Front
What is equity in a home?
Back
The difference between the home's market value and the amount owed on the mortgage.
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