House Buying Quiz

Who helps you buy a home?

• Inspector

• Insurance Agent

• Real Estate Agent

• Santa

An estimate of how much property is worth

• Rate

• Income

• Appraisal

• Tax

 The price you pay upfront usually 20% of the loan.

• Morgage

• Price per share

• down payment

• loan

• Charges involved in finalizing a home purchase

• • Closing Costs

• opening cost

• return on investment

• break even point

Monthly loan payment made to pay towards the purchase of property

• Premium

• Insurance

• Car Payment

• Mortgage

What information do you need to provide to buy a house

• Social Security Number

• Proof of Income

• Credit

• All of the above

Imposing unfair or abusing terms in a loan agreement

• Happy Lending

• Predatory Lending

• Fair Lending

• Gambling

If the cost of the home is $250,000 and you need a 20% down payment…

• $80,000

• $25,000

• $50,000

• $250,000

• An estimate of how much property is worth

• Appraisal

• Selling

• Buying

When buying a home, which step should you take

• Get approved for a loan

• Find a house and visit, complete a walkthrough

• Make an offer, negotiate

• Hire a professional INSPECTOR

• All of the above