Why is mortgage fitness important?

Understanding Mortgage Qualification Factors

Interactive Video
•
Business, Life Skills
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
Read more
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It improves your physical health.
It helps you save money on groceries.
It helps you get a better job.
It ensures you can afford your mortgage.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first C in the 4 C's of mortgage qualification?
Capital
Credit
Capacity
Collateral
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Capacity refer to in mortgage terms?
The value of your property
Your savings and investments
Your ability to repay the loan
Your credit score
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second C in the 4 C's of mortgage qualification?
Credit
Capacity
Collateral
Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do lenders consider Capital?
To ensure you have enough funds in case of emergencies
To check the value of your property
To verify your employment history
To assess your monthly debts
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the third C in the 4 C's of mortgage qualification?
Capacity
Capital
Credit
Collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Collateral refer to in mortgage terms?
The value of the property used as security
Your employment history
Your credit score
Your monthly income
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fourth C in the 4 C's of mortgage qualification?
Collateral
Capital
Credit
Capacity
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do lenders check your credit score?
To assess the value of your property
To ensure you have made timely payments in the past
To verify your employment history
To check your monthly income
Similar Resources on Wayground
11 questions
Understanding Credit and Financial Access

Interactive video
•
9th - 12th Grade
11 questions
Understanding IRS Forms: 1098 and 1099

Interactive video
•
9th - 12th Grade
11 questions
Understanding Mortgage-Backed Securities

Interactive video
•
10th - 12th Grade
7 questions
Understanding LendingTree and Loan Options

Interactive video
•
9th - 12th Grade
8 questions
borrowings sources,merits &demerits

Interactive video
•
10th Grade - University
11 questions
Understanding the Great Recession

Interactive video
•
9th - 12th Grade
6 questions
CLEAN : Protesters celebrate after Ecuador withdraws controversial order

Interactive video
•
9th - 10th Grade
11 questions
Credit Clash Game Mechanics

Interactive video
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade