Question

Which answer is probably the best guide to the condition of a house?


Select the best answer from the choices provided.
an appraisal by the mortgage company
a home inspector's report
the sale price set by the seller
a careful walkthrough by the buyer

Answer 1

@JoannaBlackwelder

Answer 2

@JoannaBlackwelder

Answer 3

@JoannaBlackwelder

Answer 4

@JoannaBlackwelder

Answer 5

Chill out, dude. I had to do something for a sec. :) Thanks for opening a new thread.

Answer 6

lol its okay

Answer 7

i have 8 quizs left to graduate

Answer 8

i can do this

Answer 9

Hm, I would think a home inspector.

Answer 10

its D mate

Answer 11

Yes, you can! :)

Answer 12

i have about 8 days left

Answer 13

Really, D?

Answer 14

yeh ill pull up some source

Answer 15

Smart buyers get an inspection that is thorough and unbiased regardless of cost.

Answer 16

nvm that relates to inspection report

Answer 17

:)

Answer 18

Stephanie is planning to buy a house and can choose between a traditional mortgage at 5% interest or an adjustable-rate mortgage (ARM) at 4.5% interest. What factor would make the ARM less attractive to Stephanie?


Select the best answer from the choices provided.

Home values are rising and are expected to continue to rise.
Stephanie expects to receive a promotion within a year.
Stephanie could not afford the payment if the interest rate rose to 5.5%.

Answer 19

i need help i eliminated the other choice it didn't relate to the question

Answer 20

I would think the 5.5% one as an ARM can change rate.

Answer 21

yeh me too i put that

Answer 22

the question is talking about Arm less not home values

Answer 23

even if the home values increase it would make impact on traditional insurance too

Answer 24

Which of the following answers correctly defines the principal for a mortgage?


Select the best answer from the choices provided.
the sale price of the house
the interest paid on the mortgage
the length of the mortgage
the amount of money borrowed

Answer 25

http://www.ehow.com/facts_5898965_mortgage-principle_.html

Answer 26

its interest paid or amount borrowed?

Answer 27

Amount borrowed

Answer 28

oan secured by real estate that requires a defined set of payments

Answer 29

if i pass all my quiz whats your paypal my friend

Answer 30

illl send you $$

Answer 31

That's very kind of you. Thanks. I'll do my best. :)

Answer 32

Alright mate

Answer 33

John has saved $20,000 and he wants to buy a $100,000 house. If he pays just $10,000 as a down payment, he will have a $90,000 mortgage with a monthly payment of $500. If he pays all of his savings ($20,000) as a down payment, he will only have an $80,000 mortgage and a lower interest rate resulting in a $420 monthly payment. He should choose to pay _____.


Select the best answer from the choices provided.
$20,000 because that will save him money in the long run
$10,000 because that will save him money in the long run
$20,000 because the lower mortgage payment will lower taxes and insurance
$10,000 because he needs reserve savings for repairs and other housing costs

Answer 34

its D ? what you think

Answer 35

I agree

Answer 36

Jeremy owns a home and is paying down an ARM mortgage, while Donna rents an apartment. Which of the following situations is clearly better for Jeremy rather than Donna?


Select the best answer from the choices provided.
Interest rates rise 2% and stay high for 10 years.
Interest rates fall 2% and stay low for 10 years.
Property taxes rise in their state and stay high for 10 years.
Property taxes fall in their state and stay low for 10 years.

Answer 37

@JoannaBlackwelder

Answer 38

Hm, I'm between. B and D.

Answer 39

its B

Answer 40

tenants dont pay property taxes

Answer 41

But Jeremy is a property owner.

Answer 42

then is D

Answer 43

I'm not sure between B and D.

Answer 44

If I had to guess, I would do B since it mentions an ARM.

Answer 45

lemme check

Answer 46

K

Answer 47

its B

Answer 48

why would they mention Arm less...

Answer 49

That 's what I was thinking