Chapter 11: Housing and Real Estate (Ramsey Classroom)

Front

To make living with a roommate more peaceful while you're saving money...

Back

Communicate, be respectful, and be considerate

Front

Your decision to rent or buy depends on your _________.

Back

Financial situation

Front

It is impossible to get a mortgage without a credit score.

Back

False

Front

Renting is a great option for many people.

Back

True

Front

When someone spends so much of their income on the costs of homeownership that they struggle to reach their other financial goals, they are _______.

Back

House poor

Front

After you hire a real estate agent, the next step in the process is to _____________.

Back

Start looking at homes within your budget

Front

The only time it's okay to borrow money if you can't pay 100% in cash is . . .

Back

Buying a home (mortgage)

Front

A leasing contract...

Back

Is a legal document that allows the renter (tenant) to use the property for a period of time

Front

It's important to read your leasing contract, because once you sign it, is enforceable by law.

Back

True

Front

What does cost of living refer to?

Back

The average cost of the basic goods and services needed to maintain a certain standard of living