Housing Unit Vocabulary

What's more,

• however

• even though

• in addition

• sometimes

The bank is the _____________________.

• applicant

• lender

• borrower

• mortgage broker

A person applying for a mortgage is the ____________________.

• lender

• mortgage broker

• borrower

• renter

You need to figure out if the _________________________ to buy a home.

• time is right

• terms and conditions

• fall behind on

To prepare my budget, I will __________________ how much money I spend each month.

• qualified

• calculate

• financial

• design

This word has a similar meaning to collect:

• gather

• calculate

• guide

• process

A mortgage broker can help guide you through the loan _________________.

• column

• credit report

• process

• design

I will ________________ a lot more responsibility when I become a manager.

• take on

• find

• get rid of

• process

If you have debt, you should _________________ before taking out a mortgage.

• process

• think twice

• take on

• guide

If the bank forecloses on your house, then you lose the house, but you get the money back that you already paid on it.

• True

• False