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quiz10


2
Asked by 6 months ago
0 points

• 0 out of 1 points

____ is when the home is financially and legally transferred to the new owner.

• Question 2 0 out of 1 points

Title insurance to protect the ____ is usually required.

• Question 3 1 out of 1 points

Which of the following documents outlining all of the costs associated with closing on the sale of a home must the purchaser receive at least 1 business day prior to the closing?          

• Question 4 1 out of 1 points

____ fee is (are) common miscellaneous costs in buying a home.

• Question 5 0 out of 1 points

____ insurance is generally required when a borrower makes a minimum down payment.

• Question 6 1 out of 1 points

VA-guaranteed mortgages are very much like FHA-insured mortgages except they

• Question 7
1 out of 1 points

What basic factor(s) affect(s) the monthly payment on a mortgage loan?

• Question 8 0 out of 1 points

What is the maximum amount a lender would lend on a house valued at $160,000 if an 85 percent loan-to-value ratio were required?

• Question 9 1 out of 1 points

____ is (are) generally part of the monthly house payment.

• Question 10 0 out of 1 points

____ are generally not paid by the buyer of a house.

• Question 11 1 out of 1 points

____ should be completed before interacting with sellers.

• Question 12 1 out of 1 points

Brian  has decided he would like to negotiate on a car with a $32,000 sticker price. If the dealer's cost on this car is 15 percent lower than the sticker price, Brian should be able to negotiate a price some what higher than

• Question 13 0 out of 1 points

Jessie just bought an SUV and financed it with an automobile loan. She will pay 48 monthly payments of $425 each and one final payment of $3,000. What type of clause is in her sales contract?

• Question 14 0 out of 1 points

A vehicle lease is essentially

• Question 15 1 out of 1 points

Never discuss ____ with an auto dealer.

• Question 16 1 out of 1 points

Preshopping research for new cars should focus on

• Question 17 1 out of 1 points

Same as cash offers often carry the risk that

• Question 18 0 out of 1 points

A(n) ____ is a refund of part of the purchase price.

• Question 19 1 out of 1 points

A consumer can save money by

• Question 20 1 out of 1 points

The first consideration in any negotiation is
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Answered by 6 months ago
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Excerpt from file: 0outof1points ____iswhenthehomeisfinanciallyandlegallytransferredtothenewowner. SelectedAnswer: a. Foreclosure CorrectAnswer: c. Closing Question2 0outof1points Titleinsurancetoprotectthe____isusuallyrequired. SelectedAnswer: d. buyerandlender CorrectAnswer: c. lender Question3 1outof1points ...

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Views: 61
Asked: 6 months ago

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