Home Buying

Front

A record of how an individual has repaid debts in the past, used as a guide to measure the individual's ability to borrow

Back

Credit History

Front

A ________ is a loan to help you purchase a home.

Back

Mortgage

Front

A professional estimate of a property's market value at a certain point in time.

Back

Appraisal

Front

What is the final step in the lending process when the buyer signs the documents related to buying the house to close the deal?

Back

Closing the Purchase

Front

If you don't make your payments on time you can damage your ________

Back

Credit rating

Front

A benefit of owning a home is that it is an investment in your future.

Back

True

Front

Increasing the length of your loan will _______ your monthly payments.

Back

Decrease

Front

Increasing the length of your loan will ________ the overall interest that you pay.

Back

Increase

Front

A type of insurance that will protect your property against losses as a result of fire, wind, etc.

Back

Homeowner's insurance

Front

A ______ is a period of time over which a loan is scheduled to be repaid.

Back

Term