Level 15 Review Renting home Ownership, paying for coll C

If my credit score is low at a 600, should my interest be high or low

• low

• high

• neither

• both

The longer the loan term the less total interest you pay.

• true

• false

The difference between what one owes on a mortgage and the value of the home is called

• collateral

• profit

• value

• equity

The person who owns a property and rents it out to other people.

• Tenant

• 
  Securer

• Lease

• Landlord

A landlord may ask you for a credit report.

• true

• false

The person who rents a property from other people.

• Landlord

• Securer

• Leaser

• Tenant

Which of the following is NOT an advantage of leasing?

• Someone else pays for repairs

• Flexibility to move

• No

  investment

• Cheaper expenses

Student loans are .....

• like free money

• ore often forgiven

• must be paid back and almost never forgiven

• only need to be paid back if you have a job

What is a secured loan?

• a loan where your assets can be seized if you do not pay it back

• a loan where your assets cannot be seized if you do not pay it back

• commercial credit

Home and education loans are almost always secured loans

• true

• false