Home Buying Essentials Flashcard 1-3 Sections

Home Buying Essentials Flashcard 1-3 Sections

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a budget in the context of home buying?

Back

A financial plan estimating income and expenses.

2.

FLASHCARD QUESTION

Front

What are online tools in the context of home buying?

Back

Digital resources for estimating expenses and finding homes.

3.

FLASHCARD QUESTION

Front

Which of the following is NOT an ongoing expense?

Back

Appraisal fees.

4.

FLASHCARD QUESTION

Front

Which of the following is considered an ongoing expense for homeowners?

Back

Mortgage payments.

5.

FLASHCARD QUESTION

Front

Which of the following is a digital resource used in home buying?

Back

Property search websites.

6.

FLASHCARD QUESTION

Front

What are property taxes?

Back

Taxes paid by homeowners based on the value of their property.

7.

FLASHCARD QUESTION

Front

What is a down payment?

Back

An upfront payment made when purchasing a home, typically a percentage of the purchase price.

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