Tougher Mortgage Borrowing Conditions
Interactive Video
•
Business
•
University
•
Hard
Wayground Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main issue Anna Marie faces with her mortgage?
She wants to buy a new house.
Her ex-partner refuses to pay the mortgage.
The house is worth more than they paid for it.
She cannot afford the mortgage payments alone.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the new guidelines introduced by the Financial Services Authority?
Allowing self-certification mortgages.
Stress testing mortgages for interest rate increases.
Eliminating income verification.
Encouraging reliance on rising house prices.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of stress testing mortgages?
To ensure borrowers can handle interest rate increases.
To reduce the mortgage term.
To increase the value of the property.
To verify the borrower's employment status.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How would the new guidelines have affected borrowers from 2005-2007?
They would have received lower interest rates.
They would have been denied mortgages.
They would have been required to pay higher fees.
They would have been offered larger loans.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What assumption is considered dangerous according to the new lending guidelines?
Assuming house prices will always rise.
Assuming borrowers will always have stable jobs.
Assuming all borrowers have the same financial needs.
Assuming interest rates will always fall.
Similar Resources on Wayground
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Business
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
22 questions
FYS 2024 Midterm Review
Quiz
•
University
20 questions
Physical or Chemical Change/Phases
Quiz
•
8th Grade - University
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)
Quiz
•
8th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
12 questions
1 Times Tables
Quiz
•
KG - University
20 questions
Disney Trivia
Quiz
•
University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University