
Real Estate
Quiz
•
History
•
9th - 12th Grade
•
Medium
DONALD SAINT-GERMAIN
Used 6+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount still owed on a house is the ___________________.
leasing principal
charter amount
mortgage principal
equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You'll want to have a(n) _________ of 10-20% of the total cost of the house you want to buy.
investment
down payment
budget
cost of living
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ means you pay someone else each month for a place to live.
house poor
equity
owning a home
renting
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ is the difference between what a house is worth and what is still owed on it.
equity
mortgage
investment amount
life of the loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Appreciating means that the value of a home you buy will continue to
go up, but only after ten years of paying your mortgage
fluctuate over time
go down over time
go up over time
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The first step in buying a house is to find out how much a bank will loan you for the purchase--also know as being __________.
preapproved
preactivated
prerecognized
preordained
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan obtained for a home purchase is a(n)
equity
inspection
lease
mortgage
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