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15
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Which of these is not a requirement you should meet before buying a home?
You qualify for good mortgage terms
You have enough saved for a down payment & emergency fund
You plan to stay in the home for 5 or more years
You are married with children
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15
×
What is the average monthly rent for a two-bedroom apartment the US?
$2000 per month
$1320 per month
$500 per month
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15
×
Buying a home achieves which two financial goals at the same time?
Providing a place to live, paying off your consumer debt
Providing a place to live, paying for your college expenses
Providing a place to live, investing for the future
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banana
Go to last place!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 20 points!
Oops!
15
×
What are the 4 school expectations?
safe, responsible, respectful, follow directions
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15
×
Millennials are buying fewer homes than in previous generations for each of these reasons EXCEPT...
They find apartments to be trendier and more fun
They have to self-fund retirement to a greater extent
They are paying down large student loans instead
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15
×
sum of money you pay to your landlord or property management company when you sign a new lease, usually equal to one to two months' rent
security deposit
mortgage
pet fee
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×
baam
Lose 25 points!
Oops!
×
shark
Other team loses 25 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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thief
Give points!
5
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25
15
×
Which of the following is not a factor you should consider when deciding where to live?
cost of living
job availability
commute
color of the paint
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15
×
How much money should you put toward your home's downpayment?
20% of the price of the home
Your entire emergency fund
3 times your monthly expenses
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15
×
a contract outlining the terms of your rental
mortgage
lease
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15
×
How is it possible someone could pay their mortgage monthly for years without reducing their principal by very much?
The bank is pocketing that money instead of paying toward t
In early years, most of the payments go toward interest
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×
lifesaver
Give 20 points!
Oops!
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shark
Other team loses 15 points!
Okay!
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gift
Win 25 points!
Okay!
×
thief
Give points!
5
10
15
20
25
×
heart
Other team wins 20 points!
Oops!
×
rocket
Go to first place!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
×
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