Personal Finance Courses: Housing

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
An advantage of _______ is that you can build equity.
Choose wisely. There is only one correct answer.
Owning a home. When you own a home, the money that you paid on it will be your equity.
2.
Whom does title insurance protect?
Choose wisely. There is only one correct answer.
You and your lender. Title insurance protects you and your lender in case you discover afterward that someone else could lay claim to the house.
3.
It is possible to negotiate the rent on an apartment.
Choose wisely. There is only one correct answer.
True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
4.
Owning a home is _______.
Choose wisely. There is only one correct answer.
None of the above.It depends on many factors, such as location and the state of the housing market.
5.
Which of the following is more likely to have predictable housing expenses?
Choose wisely. There is only one correct answer.
A renter. Renters do not get hit with unexpected expenses, as owners sometimes do.