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.
Many mortgage lenders offer a temporary suspension of your monthly mortgage payments if you are unable pay your mortgage. This suspension is known as _______.
Choose wisely. There is only one correct answer.
Forbearance. Forbearance programs let a homeowner explore their options, get counseling, or modify their loan during this time.
2.
A tax credit made specifically for low-income people who work is the _______.
Choose wisely. There is only one correct answer.
Earned income tax credit. This credit is offered by the IRS to low-income people who work.
3.
Legal services for low-income people are limited to help in the courtroom.
Choose wisely. There is only one correct answer.
False. Legal services for low-income people also include information and many other services.
4.
Federal programs for homeowners facing foreclosure are available to all homeowners, regardless of their situation.
Choose wisely. There is only one correct answer.
False. There are many requirements that homeowners must meet, some of them quite demanding.
5.
Most major government food programs are overseen by which US government department?
Choose wisely. There is only one correct answer.
Department of Agriculture. The USDA is well known for its food programs.