Housing and Financial Decisions

Front

When listing priorities for housing, the most important criterion to consider is location.

Back

Location is the most important criterion for housing.

Front

Renting is often the least expensive housing option. A disadvantage is that the rent can change when the lease is up.

Back

Renting can be less expensive but the cost for rent could change.

Front

Owning a home requires a substantial investment. Mortgage companies do not pay for the normal upkeep of your home.

Back

Owning a home involves significant investment and upkeep costs.

Front

A lease is a legally binding contract. A mortgage lender is not typically part of a lease.

Back

A lease is a contract, separate from mortgage agreements.

Front

Renting is preferred by most people because the rent is fixed cost.

Back

Fixed costs make renting a preferred option for many.

Front

Selecting the location you want to live for the remainder of your life is not the best advice when choosing a place to live.

Back

Long-term location selection may not be the best advice.

Front

Space issues are not the most important criteria when choosing a place to live.

Back

Space issues are less critical than other criteria.

Front

Property taxes and insurance are added to monthly payments when owning a home.

Back

Monthly payments for home ownership include taxes and insurance that are placed in an escrow account.

Front

Rent amount and frequency of payment are part of a typical lease.

Back

Typical leases include rent amount and payment frequency.

Front

Apartments are frequently a high risk for theft. ______ provides additional security to protect your property.

Back

Renter's insurance