Which of the following will cover damage to your car caused by a branch falling off a tree?

Which of the following will cover damage to your car caused by running into a tree, car or pole?

Which of the following will cover damage to a car that you hit?

In 250/500/50, what does the 50 refer to?

Which of the following is not a factor in your insurance premium?

In 250/500/50, what does the 500 refer to?

Which of the following is not a variable cost of owning and operating a vehicle?

Leases can restrict your annual miles, how long you have the vehicle and the changes you can make to the vehicle.

Registration is an annual expense.

Leasing costs less over time

Manufacturer warranties come with the vehicle and expire when the vehicle reaches a certain mileage or age

Extended warranties and service contracts save you a ton of money when purchased.

The longer the loan, the less interest you'll pay.

Your down payment and trade in value decrease the vehicle's cost and your loan amount.

Which of the following is a perk of leasing?

Which of the following is a perk of buying?

Car loans are typically 6-8 years in length.

What type of coverage would you need to cover your car if someone t-bones you in an intersection (their fault)?

What type of coverage would you need to cover your car if you rear-end someone (your fault)?

What type of coverage would you need to cover their car if you hit someone (your fault)?

What type of coverage would you need to cover your car if it is stolen?

If you hit someone and it is your fault, not only are you responsible for repairing their vehicle but replacing their car seats as well.

This type of coverage is sold by the dealership to cover things like car washes, oil changes, etc.

This type of coverage comes with new vehicles and covers the engine and electric system for a certain number of years or miles

This type of warranty eliminates your loan if you were to total the vehicle while you are still making loan payments.

This type of warranty is an additional coverage option to protect your engine but often costs more than it saves you.

This type of housing often includes amenities such as a pool, gym, or doorman.

This type of housing includes either side-by-side or stand-alone structures that are part of a larger community. Outside maintenance is usually handled by the association.

This type of housing includes side-by-side structures that are often 3 floors.

This type of housing includes sharing a home with someone else, either side-by-side or top and bottom. It does offer more yard space than most of the other choices.

This type of housing offers more privacy and space than the other choices.

If you need flexibility in your living space because you are unsure of where you will live long-term, which option is right for you?

If you will not be home often and therefore need little responsibility to maintain the property, this choice is good for you.

If you do not want to own a car and need to live in the downtown area of a major city, which choice would be best?

If you plan on staying in the same place for 5+ years, you should consider this form of housing.

If you will be home often and want stable costs and tax advantages, you should consider ________.

A home loan is called a mortgage.

Every month you pay money on your mortgage, you build equity.

You can make changes (like painting or changing the floors) when you own an apartment.

You can make changes (like painting or changing the floors) when you rent a home.

You must get a pre-qualification before you meet with a real estate agent.

To avoid PMI, you must put _______ down on a home.

This protects the ledger from financial loss and varies based on a set of factors.

This is required by a majority of loans and is the large sum of money you have to pay up front.

This type of loan is insured by the government and has a down payment requirement of 3.5%

This type of loan requires you to fall under an income cap, you must purchase a home in a "rural" area, and the down payment is 0%

This type of loan is given to people with good credit and has a fixed interest rate.

What down payment do you need to get an FHA loan?

What down payment do you need to get an USDA loan?

What down payment do you need to get a conventional loan if it is NOT your first home?

What down payment do you need to avoid PMI?

In addition to the down payment, you also need to pay 1-8% to pay for the ledgers work, appraisal, title, etc. which is also known as

You can include extra money with your offer that shows your seriousness and interest in the home. This is known as

You usually receive a response to your offer within 12 hours.

Once your offer is accepted, you should get the home inspected.

Which of the following does not affect your homeowner's insurance?

Your mortgage payment includes all of the following except

The escrow part of your payment is made up of

If you leave a ladder out and someone uses that ladder to try to break into your house but falls off of it and breaks their leg, they can sue you.

Renters insurance protects your property if your rental property were to start on fire, flood, or get broken into.

If you have a fence around your yard and someone jumps the fence to swim in your pool and drowns, you are liable for their death.

You just got a trampoline and put it up in the backyard. A kid sees your trampoline from across the street and comes over to climb on it. He falls off and breaks his arm. You are liable for this injury.

You should shop for a house for the full amount of your pre-qualification because the bank would never recommend more than you can afford.

When you move into a rental, you must sign a written contract agreeing to terms. This is called a

Your first month of moving into a rental, you must pay rent and a fee in case of damage known as

Which apartment is cheaper on a total monthly basis?

Which apartment is cheaper on a total monthly basis?

What does the '5' in a 5/1 ARM mortgage represent?

After the initial fixed period in a 5/1 ARM, how often can the interest rate change?

Which of the following best describes an ARM mortgage?

Which of the following best describes a balloon mortgage?

What is a potential risk of choosing a balloon mortgage?

Balloon mortgages are most suitable for which type of borrower?