Unit 8 - Housing

A disadvantage of renting is?

• More responsibilities

• High initial cost

• No equity gain

Your biggest monthly expense as a tenant is?

• Rent

• Utilities

• Renters Insurance

• Security Deposit

Renting is often a wise choice for someone who wants?

• Pets

• Privacy

• Mobility

The listing price is the amount that the?

• Owner asks for the house

• Buyer offers for the house

• Buyer accepts for the house

• Buyer borrows to finance the house

A long term loan extended to someone who buys property?

• Appraisal

• Mortgage

• Lease

• Credit Report

A person who pays for the right to live in a residence owned by someone else?

• Landlord

• Lessor

• Tenant

• Wizard

The amount of the house/property that you actually own?

• Mortgage

• Loan Value

• Equity

• Lease

An estimate of the current value of the property?

• Real Estate

• Appraisal

• Rent

• Loan Value