Buying a house

What is a reason for renting over buying?

• It sounds nicer than owning a home

• It's fast and simple

• The buyer lacks funds to buy the home

• The buyer may have to move around a lot

In a single family home the owner is responsible for:

• The house across the street

• The cars parked in the road

• Maintaining the house and the property it's on

• The restaurant nearby that has recently been built

A condominium is:

• It's literally just an apartment what do you mean what is it?

• A bunch of houses next to each other

• A bunch of connected units that you can buy or rent out like a house

• A restaurant

A duplex is:

• Same as a single family house

• A house that is separated inside by a wall with 2 families on either side of the wall

• An apartment

• Honestly I have no clue

What is the easiest way to find and buy a home?

• A real estate agent

• Online

• Magazines

• Driving around looking for a for sale house

What are some places you can find a home?

• Online

• Newspapers

• Tv

• Talking to that one car that for some reason can talk

What is the MLS?

• The Multiple Listing Service

• The Multiple Long Snakes

• The Mango Lines' Slides

• The Mighty Lion Strikes

What is the percentage to not go over when accounting housing costs?

• 26%

• 4%

• 28%

• 38%

What is a mortgage

• A mort gauge right?

• A way of borrowing money for a home that is paid back over time.

• A loan for a house paid back gradually.

• Yeah I don't know

What is a fixed rate mortgage and an adjustable rate mortgage?

• Fixed rate has an interest rate that stays the same over time and an adjustable rate has an interest rate that fluctuates over time.

• A fixed rate is a mortgage that you don't have to pay and an adjustable rate you do have to pay.

• A fixed rate is the rate at which your house price changes and an adjustable rate changes the price of your house of time.

• A fixed rate is the rate at which your car speeds up over time and the adjustable rate is the rate at which your car slows down over time.