Buying A House
The loan you take out to buy a home
A Mortgage
Renters own the property, true or false?
What is $800k
The amount paid along with a mortgage to buy a home.
What is a Down Payment
How long do renters pay rent?
The duration in which they live in the residence.
Give an example of household liabilities
Mortgage, Car Loan, Student Loan, Credit Card Payments
Should you get title insurance?
Yes.
The most common interval to pay rent
What is monthly
Give an example of a household asset
House, Car, Furniture, Cash
After paying a mortgage off do you own the home entirely?
Yes
The parts of an apartment lease
Parties, Property, Term, Rent, Security Deposit, and Signatures
This happens if you fail to pay back a loan
What is repossession
The type of agent you hire to buy a home
What is an Escrow Agent
The Percentage of Americans that rent homes
What is 34%
How is Net Worth Calculated (written answer)
By combining home Assets and Liabilities