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WorksheetsPFM Chapter 13 Review
Total questions: 16
Worksheet time: 8mins
Rooms that colleges rent to students at reasonable prices, usually in large complexes.
duplex
dormitory
apartment
condominum
Smallest and least expensive type of apartment, consisting of 1 room that serves as everything.
apartment
condominium
efficiency appartment
duplex
Apartment in a building that houses two separate units.
duplex
apartment
condominium
efficiency apartment
Legal contract you sign that gives you the right to live in an apartment.
memo
letter
note
lease
A renter is also referred to as the _________.
tenant
landlord
Owner of rental property.
landlord
tenant
Money the landlord holds to cover any damages to rental property.
rent
security deposit
A loan to buy real estate
principal
mortgage
Amount of money you borrow
loan
principal
A specified percentage of the purchase price paid up front
points
closing costs
down payment
principal
Same interest rate for the entire term of the loan.
adjustable rate mortgage
fixed rate mortgage
FHA mortgage
VA mortgage
Loan where the interest rate goes up or down as interest rates in the economy rise or fall
fixed rate mortgage
adjustable rate mortgage
FHA mortgage
VA mortgage
Small payments initially and larger ones later
appreciate
graduated-payment mortgage
FHA mortgage
VA mortgage
Increase in value over time
appreciate
depreciate
Proposal to buy the house for a stated price
offer
lease
term
mortgage
Products that meet rigorous federal standards for energy efficiency
energy star products
good products
