WorksheetsHome-Buying Vocabulary
Total questions: 7
Worksheet time: 14mins
This is a loan for the purpose of buying property.
mortgage
appraisal
title
deed
A home inspection determines the condition of a home before it is sold while an _________________ determines the value of the home.
appraisal
estimate
interest payment
internal review
The seller had listed the house
for $300,000, but Reggie made
a(n) ___________ of $275,000
in an attempt to get the house
for a lower price.
offer
appraisal
title
Hubbard clause
Reggie used his savings of $15,000 to make a __________ payment towards the purchase price of the home.
down
opening
reverse
mandatory
Because Reggie's down payment
was less than 20% of the value
of the home, his bank insisted
that he get ___________.
PMI (Personal Mortgage Insurance)
a partner
a lucky lottery ticket
lost
When looking for houses online,
a _____________ will often contain information about the house,
such as the price, the number of bedrooms and the size of the property.
listing
mortgage
lender
commercial
Which of the following is paid to the town or city where the house is located?
PMI (Personal Mortgage Insurance)
property tax
principal payment
down payment
