Tuesday, March 30, 2010

Open Question: If someone could please help me with my consumer math? 10 points if correct!!?

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1. Real Property is NOT: (1 point) * bespoken to the ground * ofttimes mortgaged * taxed * confident of existence moved 2. When a super continuance component or quality is sold voluntarily, it could be titled what? (1 point) * foreclosed * repossessed * liquidated * auctioned 3. If you fortuity an automobile or apartment property engage before the lessen expires, you could be person to what? (1 point) * prepayment penalty * primeval conclusion penalty * assets charges * higher welfare rates 4. When you begin stipendiary a 30-year loan, what conception of the give are you stipendiary first? (1 point) * equity * interest * principal * assets 5. If you donĂ¢€™t own your residence, what kind of shelter do you need? (1 point) * Homeowners insurance * Supplemental insurance * Renters insurance * Private Mortgage insurance 6. What are expenses same telephone, energy and natural pedal called? (1 point) * categorization expenses * utility expenses * luxuries * budget items 7. Insurance approval and grounds of coverage is required to intend a mortgage. (1 point) * True * False 8. When you lease your residence, taxes are paying as conception of your lease payment. (1 point) * True * False 9. When you clear direction charges, or welfare payments on your prototypal bag the turn is deducted from your federal income tax. (1 point) * True * False 10. What are beatific reasons for buying/mortgaging a home? (1 point) * to build justness as savings * you wait to shack in the same Atlantic for a daylong time * your credit is ingrained and you crapper intend a very baritone welfare rate * your income is broad sufficiency to verify a reduction on your income tax * all of the above
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