F24CR - Major Purchases

Front

If you are breaching the lease in some way other than not paying rent, before evicting you your landlord has to give you notice and ___ days to stop breaching.

Back

14

Front

What happens if you tell your landlord that they can keep your security deposit and apply it to the last month's rent?

Back

You forfeit your security deposit.

Front

What happens if you are late paying rent, and your landlord gives you a 3-day notice letter, but you don't pay rent in those three days?

Back

The landlord can evict you.

Front

If you get a hospital bill for $1,000, have a $100 deductible and a 30% co-pay, your share of the bill will be $_____ .

Back

None of these

Front

Which of these are ways that your landlord can evict you, if you don't pay your rent: Get a court order, Turn off the electric, Turn off the water, Change the locks on the doors, Write you a letter telling you to leave

Back

Get a court order

Front

If you have a mortgage with a 6% APR, and market interest rates fall so that you can get a 3% APR, you can _______ to lower your monthly payments.

Back

Refinance

Front

If you don't pay at least 20% down for your house, lenders will make you ______ .

Back

Get a PMI

Front

When you rent an apartment, which of these are payments that you will make, and they DO lower your net worth: Rent, Reduction in Principal (RIP), Interest expense, Real estate taxes, Homeowner's insurance

Back

Rent

Front

If you buy a house for $200,000, pay $40,000 downpayment, and have a mortgage with 6% APR, how much of your first $1,000 monthly mortgage payment will go to interest expense?

Back

$800

Front

For most people, they should not buy a house unless: They can pay at least 20% down, They plan to live in the house for at least ten years, The mortgage payments and other housing expenses won't be more than 30% of their net income.

Back

All of these