Housing
Authored by CRYSTAL K PHELPS
Financial Education
9th - 12th Grade
Used 4+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Comparison of your loan amount to the value of your home.
Pre-Qualified
Debt/Income Ration
LTV
Adjustable Rate Mortgage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money from your property charged by city, county, or school district.
Property Tax
PMI
Escrow
Earnest Money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An initial payment made when purchasing a home.
Escrow
Earnest Money
Term
Down Payment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Person who pays for the appraisal.
Realtor
Buyer
Seller
Bank
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minimum of 5% down payment required for the loan.
Conventional Loan
FHA Loan
VA Loan
Mortgage
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