What is the first step in buying a home as a college student?
AVID Real Life Project Game

Flashcard
•
Education
•
12th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
Determining your budget
2.
FLASHCARD QUESTION
Front
What percentage range is generally recommended for a down payment?
Back
3-20
3.
FLASHCARD QUESTION
Front
Why is researching the local market important when buying a home?
Back
To understand potential resale and rental values
4.
FLASHCARD QUESTION
Front
Which is a benefit of having a good credit score when buying a home?
Back
Better mortgage rates
5.
FLASHCARD QUESTION
Front
Which of the following is NOT a recommended source of income for a college student buying a home?
Part-time work,
Internships,
Family contributions
Back
Student loans
6.
FLASHCARD QUESTION
Front
What is a common way for college student homeowners to cover mortgage costs?
Back
Renting out part of their property
7.
FLASHCARD QUESTION
Front
What should you do before committing to buying a property?
Back
Conduct a thorough property inspection
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