Question

The main difference between a traditional mortgage and an ARM is the _____.

Answer 1

@JoannaBlackwelder

Answer 2

Unlike a traditional mortgage, an ARM _____.


Select the best answer from the choices provided.
requires no down payment
has an interest rate that can change every year
cannot be foreclosed on by a bank
typically has a term of 30 years

Answer 3

its B right>

Answer 4

Sound right to me. :)

Answer 5

@JoannaBlackwelder

Answer 6

If Fiona owns a house worth $150,000, about how much would she pay every year in insurance, property taxes, repairs, and maintenance? Note that this total does not include mortgage payments.


Select the best answer from the choices provided.
between $100 and $500
between $500 and $9,000
between $9,000 and $20,000
over $20,000

Answer 7

Hm, do you have any idea of the percentage that would normally be?

Answer 8

im not sure but it could be 9k and 20k

Answer 9

I'm think either that or B.

Answer 10

usan wants a $150,000 house. She could get a cheaper loan if she paid a down payment of 15%, or $22,500.

Answer 11

?

Answer 12

do you have a clue ?

Answer 13

its prolly B

Answer 14

I don't really see a full question..

Answer 15

thats not a question.. i pulled up source from tutorial

Answer 16

If Fiona owns a house worth $150,000, about how much would she pay every year in insurance, property taxes, repairs, and maintenance? Note that this total does not include mortgage payments.


Select the best answer from the choices provided.
between $100 and $500
between $500 and $9,000
between $9,000 and $20,000
over $20,000

Answer 17

I don't understand the relevance of the statement to the question.

Answer 18

me either lets skip this one

Answer 19

Which of these parts of a lease is most similar to a mortgage?


Select the best answer from the choices provided.
the policies about pets, painting, and subletting
the penalties described for breaking the lease
the term of lease and the monthly rent
the list of utilities paid by the landlord

Answer 20

@zynell

Answer 21

@JoannaBlackwelder

Answer 22

I don't think it is. A or D. What do you think?

Answer 23

its C then

Answer 24

I don 't know. There are penalties for not paying a mortgage.

Answer 25

terms of lease = terms of policy ...and rent monthly payments you pay like mortgage

Answer 26

true

Answer 27

Like getting your house repossessed.

Answer 28

It seems like both have similarities.

Answer 29

okay ill go with B

Answer 30

maybe is c

Answer 31

I'm not sure. WHAtever you think. :)

Answer 32

ok

Answer 33

Steve has $35,000 in savings and is considering buying a home both to live in and as an investment. Which statement might make Steve reconsider buying a home as an investment?


Select the best answer from the choices provided.
Real estate prices in Steve's town are rising each year.
Interest rates are low so Steve's payments will be low.
The stock market is rising twice as fast as home values.
The neighborhood Steve wants to live in is becoming popular.

Answer 34

Real estate prices in Steve's town are rising each year looks like the best option to me.

Answer 35

Study the table below.

Monthly cost
Mortgage loan (includes interest and principal) $840.00
Insurance $41.67
Property taxes $166.67
Total payment $1048.34


Joyce bought a house three years ago with an adjustable-rate mortgage. The interest rate on the loan has increased every year. Which of the part(s) of her monthly payment shown on the table rises because of the higher interest rate?


Select the best answer from the choices provided.
mortgage loan
mortgage loan and insurance
mortgage loan and property taxes
mortgage loan, insurance, and property taxes

Answer 36

I think the only thing that would change is the mortgage loan.

Answer 37

ok