Housing, Cars, Investments, Banking

Your house payment should only be ____ of your monthly income

• 1/3

• 2/3

• 1/2

• 3/4

The bank will loan you ____ times your yearly income to buy a house?

• 3

• 2

• 1

• 10

Your bank will loan you up to _____ % of the appraised value of your prospective home purchase.

• 95

• 90

• 100

• 75

The value of your house minus what you owe on the home is called your _______.

• interest rate

• loan pay off

• equity

• coupon rate

Which of these items can you change when you rent an apartment?

• the location of the walls

• the flooring

• the furniture

• the countertops

Which one of these is not part of a car deal?

• interest rate

• trade in value

• purchase price

• mortgage rate

a type of car insurance where you are covered if the accident is your fault

• liability

• collision

• renters

The type of car insurance that only covers the damage you do to other people

• liability

• full coverage

• collateral

• dividends

If you get a speeding ticket your insurance rates will stay the same

• true

• false

Which of these is not a factor for your car insurance rates?

• your age

• your eye color

• the car's replacement cost

• your driving record