College
The amount of time you can go to Community College
What is 2-3 years?
the amount of money you’re borrowing
What is a Principal?
The first step in the home buying process
What is Preapproved for a loan?
Tax Day
What is April 15th?
The Calculation for Net Worth
What is Assets subtracted by Liabilities?
FREE Application for Federal Student Aid
What is FAFSA?
The Credit score range
What is 350-800?
Making periodic payments to a landlord for the use of their property is called
What is Renting or Leasing?
percentage of of total sale price
What is Sales Tax?
This asset appreciates over time
What is A House?
The average amount of time for people to pay off their students debt
What is 20 years?
a rate that your financial institution charges you for lending you the money
What is Interest?
Your rent should total no more than ______% of your net pay
What is 25-35%?
This tax pays for benefits that workers and families receive for either Social Security or Medicare
What is State Income Tax?
What type of interest rate is locked in and won't change for the life of a loan?
What is Fixed-rate?
The average amount of student loan debt
What is $35,000?
Paying your debts down by balance starting with the lowest amount first
What is Snowball Method?
the difference between what you still owe on your home and what it is worth
What is Equity?
Money you get back from the government after taxes
What is Tax refund?
someone who doesn’t have a bank account
What is unbanked?
An organization or activity is supported financially.
What is subsidized?
3 major credit reporting bureaus
What is Equifax, TransUnion, and Experian?
The amount borrowed (that must be paid) to purchase a home
What is your mortgage principle?
A tax on the wealth (assets) possessed by people who live in a certain country
What is Wealth Tax?
3-6 months worth of expenses
What is Emergency Fund?