Personal Finance Courses: Housing

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1.
Having a cosigner when you sign a lease on an apartment can be helpful if _______.
Choose wisely. There is only one correct answer.
You have bad credit or not enough credit history. Having a cosigner might make a landlord more willing to rent to you than if you did not.
2.
Owning a home is _______.
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None of the above.It depends on many factors, such as location and the state of the housing market.
3.
As a rule of thumb, a mortgage payment shouldn't exceed how much of your monthly gross income?
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30%. The rule of thumb for monthly payments is that they shouldn't exceed 30 percent of your monthly gross income.
4.
Renter's insurance exists to protect whose belongings?
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The renter's. Renters buy insurance to protect themselves from the financial effects of losing their belongings.
5.
Renting a home is _______ cheaper than owning a home.
Choose wisely. There is only one correct answer.
Often. Often, renting is cheaper. But sometimes, it is more expensive. It depends on a lot of factors.