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A ________ is a loan that helps you purchase a home.
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Mortgage
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Closing
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Interest Rate
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Appraisal
What is the final step in the loan process?
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Closing
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Pre-approval
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Application
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Processing
If you don't make your payments on time, you can damage your ________
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Debt
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Credit rating
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Mortgage
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Appraisal
Taxes that you pay once a year based on the market value of your property.
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Income Taxes
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Sales Tax
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Property Tax
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Mortgage Tax
A type of insurance that will protect your property against losses as a result of fire, wind, etc.
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Homeowner's insurance
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Appraisal insurance
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Health insurance
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Car insurance
Which of the following is NOT a cost of moving into an apartment?
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Cleaning Service
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Last month's rent
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Security deposit
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First month's rest
How often do you pay property tax on a house?
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Weekly
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Monthly
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Quarterly
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Yearly
Where do you go to obtain a mortgage to buy a house?
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Bank
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DMV
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Realtor
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Post office
A discount point that is 1% of the purchase price of a house is a:
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Loan Point
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Bank Point
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Credit Point
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Mortgage Point
You need to know the length and width of a room to figure out how much you need of:
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Paint
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Baseboard
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Carpet
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Ceiling Fan
