11.Financial aspects of rent or buy decision for housing is often dominated by which of these factors. (A) housing prices -and mortgage interest rates (B) Tax write-offs (C) expected change in values (D) All of the above
12.A couple starting out may have to wait several years to accumulate a 20% down payment, but there are federal programs often offered through ________ ___________, which can help them. A) Shadow Banks B) Investment banks C) Angel banks D) FHA & the VA
15.Homeowners buy homes with an expectation of acquiring equity, if housing prices decline they may find themselves actually upside-_______ with the market value of their home less than the amount they owe on the mortgage. A) bankrupt, B) red lined C) down D) broke
16.Negative ________________ means the amount of home equity is decreasing instead of increasing. A) appreciation, B) amortization, C) disequilibrium, D) equity
17.With an interest only mortgage ______________________ payments will occur later in the loan. A) lower B)equal C) higher D) variable
18.A 30 year ______ mortgage, is useful to consumers who want to safely build equity, without the threat of ethically usurious interest rates charged in most ARMs sold to the public in the recent past, if the homeowner can refrain from using the equity in the home as a piggy bank, then there is a good chance of retiring with the full equity of the home. A) Buy downs B) Fixed C)Reverse D) All of the above
19.The author cautions us to beware of dishonest _____________________ providers that charge exorbitant fees. A) Subprime mortgage B) Home equity loan C) Reverse mortgage
20.ARMs with a _______________ on the monthly payment can result in negative amortization.
11.Financial aspects of rent or buy decision for housing is often dominated by which of these factors. (A) housing prices -and mortgage interest rates (B) Tax write-offs (C) expected change in values (D) All of the above
12.A couple starting out may have to wait several years to accumulate a 20% down payment, but there are federal programs often offered through ________ ___________, which can help them. A) Shadow Banks B) Investment banks C) Angel banks D) FHA & the VA
15.Homeowners buy homes with an expectation of acquiring equity, if housing prices decline they may find themselves actually upside-_______ with the market value of their home less than the amount they owe on the mortgage. A) bankrupt, B) red lined C) down D) broke
16.Negative ________________ means the amount of home equity is decreasing instead of increasing. A) appreciation, B) amortization, C) disequilibrium, D) equity
17.With an interest only mortgage ______________________ payments will occur later in the loan. A) lower B)equal C) higher D) variable
18.A 30 year ______ mortgage, is useful to consumers who want to safely build equity, without the threat of ethically usurious interest rates charged in most ARMs sold to the public in the recent past, if the homeowner can refrain from using the equity in the home as a piggy bank, then there is a good chance of retiring with the full equity of the home. A) Buy downs B) Fixed C)Reverse D) All of the above
19.The author cautions us to beware of dishonest _____________________ providers that charge exorbitant fees. A) Subprime mortgage B) Home equity loan C) Reverse mortgage
20.ARMs with a _______________ on the monthly payment can result in negative amortization.
