Credit
The ability to borrow money or access goods and services with the understanding that you'll pay for them later.
Credit
Professional advice to help individuals manage their debt, budget, and improve their overall financial situation.
Credit Counseling
A loan used to purchase a home, secured by the property itself.
Mortgage
An examination of a property’s condition by a professional inspector.
Home Inspection
Which song by Lil Nas X became the longest-running #1 on the Billboard Hot 100?
Old Town Road
A numerical representation of a person's creditworthiness, based on their credit history and other financial behaviors
Credit Score
A person who agrees to be responsible for the repayment of a loan if the primary borrower fails to repay.
Cosigner
A loan with an interest rate that remains constant for the term of the loan.
Fixed-Rate Mortgage
When a homeowner fails to make mortgage payments, leading to the lender taking ownership of the property.
Foreclosure
What is the real name of the superhero known as Batman?
Bruce Wayne
A detailed record of an individual's credit history, including their credit accounts, payment history, and outstanding debts
Credit Report
The maximum amount of credit that a lender is willing to extend to a borrower.
Credit Limit
A loan with an interest rate that changes periodically based on a benchmark or index.
Adjustable-Rate Mortgage (ARM)
A professional assessment of a home’s market value.
Appraisal
Which artist released the album Planet Her in 2021?
Doja Cat
The percentage of the loan or credit card balance charged by the lender for the use of their money.
Interest Rate
The ratio of a person's credit card balances to their credit limits, expressed as a percentage. It's used to assess creditworthiness.
Credit Utilization Ratio
A lender’s conditional approval for a mortgage amount before a buyer makes an offer.
Pre-Approval
An organization in some neighborhoods that creates and enforces rules for properties and residents.
Homeowners Association (HOA)
What artist’s real name is Aubrey Graham?
Drake
The smallest amount a borrower must pay each billing cycle to keep their account in good standing.
Minimum Payment
A loan repaid with a fixed number of regular payments over time.
Installment Loan
A condition that must be met for a sale to proceed, like a satisfactory inspection or financing approval.
Contingency
The final step in a home purchase when ownership is transferred.
Closing
What is the name of the coffee shop in the sitcom Friends?
Central Perk