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Mortgages
Investing
Finance
Credit
Cognitive Biases
100

This type of mortgage has a set interest rate throughout the life of the loan. 

What is Fixed Rate Mortgage?

100
An investment that is a share of ownership in a corporation.
What is a stock?
100
A for-profit corporation owned by shareholders that takes deposits and makes loans and offers checking accounts.
What is a bank?
100
This includes all the records of loans you have taken out and paid back over your life.
What is your credit history?
100

Not worrying about remembering things because you can always look it up later. 

What is digital amnesia or the google effect?

200

This type of mortgage can have a changing, fluctuating interest rate throughout the life of the loan. 

What is an adjustable rate mortgage?

200
An investment that is a loan to a corporation or a government.
What is a bond?
200
A non-profit membership organization that offers checking accounts, savings accounts, and loans.
What is a credit union?
200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200

Taking the first piece of information that you find and deciding it is truth and the only potential option. 

What is anchoring bias?

300

This is the largest cost associated with buying a house in your upfront costs.

What is a down payment?

300
This is an investment that pools money from many people and uses the money to buy many stocks and/or bonds.
What is a mutual fund?
300
The interest rate that you use to compare different loans with different characteristics.
What is annual percentage rate (APR)?
300

This is a small item that fits in your wallet connected to a form of revolving credit.

What is a credit card?

300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400
This is a pro of renting versus buying a home.

What is flexibility, fixed costs, cheaper insurance, no repair/maintenance?

400
This is a type of tax deferred retirement account that you control. You don't pay taxes on the income from it until after you retire.
What is an IRA?
400
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
400
This type of loan has no interest if paid back after a month. If you're stupid enough not to pay it back in a month, you pay compound interest compounded monthly.
What is a credit card loan?
400

This is doing something because everyone else is doing it.

What is the bandwagon effect?

500
These are two things that need to take place to check the home and it's value prior to a bank lending you the money for the cost of the home. 

What is a appraisal and inspection?

500
This is an investing technique in which you spread your money around different types of investments.
What is diversification?
500
This government agency guarantees your deposits in a bank up to $250,000.
What is the FDIC?
500
Property that is used by a lender to secure a loan (the bank takes the property if you don't repay the loan).
What is collateral?
500

Finishing a meal or a movie because you already paid for it.

What is sunk cost fallacy?