
Mortgage Quiz
Authored by David Riesen
Mathematics
7th - 12th Grade
CCSS covered
Used 48+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mortgage is a loan used to buy a home?
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
About how long does a mortgage take to pay back?
1 year
10-15 years
15-30 years
Forever
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a bank consider before giving a person a mortgage loan?
Credit Score
how much you make per year
Employment
All of the above
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Why is a credit score important?
It doesn't really matter
Shows banks that you're responsible with your money
A higher score can give you a lower rate on your mortgage
qualifies you for other loans as well
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factors impact your credit score?
How much debt you have
paying your bills on time
missing payments
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A down payment is ________
a regular monthly payment
Money given to the bank before they can Loan you the rest
paying for the entire house at once
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mortgage is paid how often?
yearly
monthly
twice per year
twice per month
Tags
CCSS.HSA.SSE.B.4
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