Personal Finance Courses: Housing

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1.
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.
2.
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.
3.
A person whose job it is to help people find an apartment to rent is called _______.
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A rental agent. Rental agents find apartments for people to rent.
4.
Which of the following is more likely to have predictable housing expenses?
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A renter. Renters do not get hit with unexpected expenses, as owners sometimes do.
5.
Mortgage insurance protects your home and its contents.
Choose wisely. There is only one correct answer.
False. Homeowner insurance is what protects your home and its contents. Mortgage insurance protects the lender who loaned you the money to buy the home in case you default on your payments.