
Buying/Renting a Home

Quiz
•
Specialty
•
12th Grade
•
Medium
Melinda Stoughton
Used 2+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a portion of the purchase price that can be paid at the time of purchase
graduation payment mortgage
closings costs
down payment
equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the fees paid at the time of purchase (the houses taxes)
closing costs
conventional mortgage
verbal agreement
lease
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the difference between the market value a of a property and the amount still owed on the mortgage.
down payment
sublet
equity
lease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a type of mortgage where the borrower pays a fixed rate for the length of the loan
adjustable mortgage
conventional mortgage
graduation mortgage
balloon mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a loan in which the interest rate changes after a certain amount of time
adjustable mortgage
conventional mortgage
balloon mortgage
graduation mortgage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the loan starts out low for the first few years and then increases as your income increases. the interest rate stays the same.
balloon mortgage
adjustable mortgage
graduation mortgage
conventional mortgage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
agreements reached through discussion between the landlord and prospective tenant
verbal agreement
lease
written agreement
sublet
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