Housing Vocabulary

Front

What is the loan from the bank for the purchase of a house?

Back

Mortgage

Front

An ______ is something you fill out to rent a home or apartment.

Back

application

Front

Which statement below is TRUE?
After selling your home, you could make a profit.
After renting, you can make a profit off the home.

Back

After selling your home, you could make a profit.

Front

Which statement below is TRUE?
Options: You will always make more money buying a home than renting. Renting could help you save money so that you can invest it in stocks.

Back

Renting could help you save money so that you can invest it in stocks.

Front

Which statement below is TRUE? Buying a home has the potential for more expenses. Renting has the potential for more expenses.

Back

Buying a home has the potential for more expenses.

Front

The agreement between a renter and a landlord is:

Back

Lease

Front

A larger down payment will reduce the amount of the mortgage needed.

Back

True

Front

What is part of your mortgage payment? Options: rent, credit score, escrow, electricity

Back

escrow

Front

The original amount of a loan, excluding interest.

Back

Principal

Front

A public record of how you've managed your credit and debt in your past, including credit cards, loans and other leases.

Back

Credit History