Home Buying Financial Concepts

Front

What is the recommended down payment when buying a house?

Back

10-20% of the purchase price

Front

What are closing costs associated with buying a house?

Back

Fees charged by various people involved with the home sale

Front

What type of loan is usually needed to buy a house?

Back

Mortgage loan

Front

If the cost of the home is $250,000 and you need a 20% down payment…

Back

$50,000

Front

Who helps you buy a home?

Back

Real Estate Agent

Front

Which of the does NOT effect the price of a house? Size, Location, Amenities, Color of the paint

Back

Color of the paint

Front

_____________ covers your home's structure and items inside in case of fire or other misfortune.

Back

Homeowner's Insurance

Front

miles per gallon - the amount of miles (distance) a car can drive on one gallon of gasoline or fuel

Back

MPG

Front

You're likely to save more money in the long run if you... Buy a used car, Lease a car, Buy a new car

Back

Buy a used car

Front

a reduction in the value of an asset over time is called

Back

depreciation