FM Quarter 2

What is your favorite class?

• Financial Management

• P.E.

• Brandon Sanchez

• Lunch

• Tutorial

What will happen if you don't pay a Loan?

• The IRS will garnish your tax wages

• The Bank will get mad

• Nothing
• You will be charged fees for not paying on time which you are required to pay
• The bank will first send your non-payment directly to a collections agency

what is NOT an attribute or quality of a loan

• the lending of money between entities

• they appear on your credit report until you pay it off
• a loan can be secure
• a loan can be unsecure
• A loan isn't a financial transaction

what is the Main difference between a secured and unsecured loan

• Secured loans don't require collateral, while unsecured loans do.
• Unsecured loans don't require collateral, while secured loans do.
• Secured loans show on credit reports, unsecured loans don't.
• unsecured loans help you build your credit
• it is a lot easier to get an unsecured loan

What type of loan always has a same interest and monthly principle

• Fixed loan

• Adjustable loan
• Balloon loan
• Intrest loan
• Payday loan

what is the typical amount of time a loan lasts

• Three months to thirty years
• three years to thirty years
• four months to forty years
• four years to forty years
• three months to thirty months

What is NOT a factor when selecting a loan?

• Loan Options
• Fees & charges
• Loan amount
• Compare loan rates
• Ethnicity

What is NOT a factor when selecting a loan?

• Repayment flexibility
• Loan terms & conditions
• Loan processing times
• Gender
• Loan tenure

What is NOT required to show when getting a loan?

• Proof of income
• Employment History
• Housing History
• Investment Statements
• Family history

What will help you when applying for a home loan?

• Insurance
• Credit Score
• High Interest Rate
• Debit
• Healthcare