Housing Unit Study Guide

Housing Unit Study Guide

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Remington Smith

FREE Resource

Student preview

quiz-placeholder

6 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Mortgage principal

Back

The amount of money borrowed to buy a home, excluding interest.

2.

FLASHCARD QUESTION

Front

Equity

Back

The difference between the market value of a property and the amount owed on it.

3.

FLASHCARD QUESTION

Front

House poor

Back

A situation where a person spends a large portion of their income on home ownership expenses, leaving little for other needs.

4.

FLASHCARD QUESTION

Front

Leasing contract

Back

A legal agreement between a landlord and tenant outlining the terms of renting a property.

5.

FLASHCARD QUESTION

Front

Fixed-rate mortgage

Back

A home loan with an interest rate that remains the same throughout the term of the loan.

6.

FLASHCARD QUESTION

Front

Amenities

Back

Features or services that add value or comfort to a property, such as a pool or gym.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?