Rent or Buy?
You enjoy driving the newest model of cars and you don't mind limiting the miles you drive each month. Should you lease or finance (buy) a car?
Lease
Funds that are left over after you've paid for your food, shelter and clothing each month are called...
discretionary funds
You have a good salary, own a big dog, like to re-paint your walls bright colors, and enjoy doing yard and house maintenance. Should you rent or finance (buy) your home?
Finance (buy)
What kind of insurance will pay for damage to your car if you have an accident?
Collision insurance
A legal contract between a renter and a landlord is called a(n)...
lease
Which of the following bills would BOTH home renters AND home buyers have to pay?
Washing machine payments; electricity; furnace replacement; mortgage
electricity
Before you buy any home (no matter the cost), you should have a home inspection completed by a licensed...
building inspector
What kind of insurance is required to buy a house?
homeowner's insurance
What kind of mortgage will increase or decrease based on the prime rate?
Adjustable Rate Mortgage (ARM)
If you'd like to check on whether a business is reputable and gets good reports on products and services, you would contact which agency?