Housing Test

Housing Test

9th - 12th Grade

10 Qs

quiz-placeholder

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Housing Test

Housing Test

Assessment

Quiz

Professional Development

9th - 12th Grade

Practice Problem

Medium

Created by

Branham Daniels

Used 18+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Buying a home is ALWAYS better than renting

True

False

Depends on personal context and where you are in life.

Stay at home with parents

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

One benefit to buying a house is being able to customize it whereas you may not have that flexibility in an apartment or rental.

True

False

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

One benefit to renting is usually maintenance is not your responsibility

True

False

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

How much a home might ______ or _______ is a factor in determining whether the best choice is to rent vs. buy.

Grow or shrink

appreciate or depreciate

fall apart or be kept up

None of these

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If you save up $125,000 to put down on a home that costs $500,000, you will have to ask the bank for a loan amount of $375,000. When will you receive the title to the house?

When you put down the $125,000

When you pay off the loan to the bank

Once you sign the paperwork to apply for the loan

Never

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Khan talks about what types of interest rates?

Fixed Rate Mortgages

Adjustable Rate Mortgages

5/1 Loans

All of these

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Even small changes to your ______ can have a big impact on your interest rate.

Job Salary

Education level

Credit Score

None of these

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