WorksheetsHousing
Total questions: 5
Worksheet time: 3mins
Name
Class
Date
1.
Which of the following are factors that affect a home's value?
(You can choose more than one)
a)
The commute
b)
The crime rate
c)
The neighborhood
d)
The school district
2.
An independent firm's assessment of the value of the house.
a)
Escrow
b)
Term
c)
Property Taxes
d)
Appraisal
3.
A deposit made to a seller that represents a good faith to buy a home.
a)
Term
b)
Earnest Money
c)
Escrow
d)
Down Payment
4.
The length of a mortgage loan.
a)
Term
b)
Escrow
c)
Earnest Money
d)
Fixed Interest
5.
Interest rate changes periodically. Starts small then fluctuates.
a)
Gradual Mortgage
b)
Adjustable Rate Mortgage
c)
Balloon Payment
d)
Income Based Mortgage
100 %
