Real Estate

Real Estate

9th - 12th Grade

10 Qs

quiz-placeholder

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Real Estate

Real Estate

Assessment

Quiz

History

9th - 12th Grade

Medium

Created by

DONALD SAINT-GERMAIN

Used 6+ times

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10 questions

Show all answers

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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