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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 good credit

You have bad credit or not enough credit history

You rent at a large apartment complex

You rent a house

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.

Owning a home is _______.

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More expensive than renting

Less expensive than renting

About equal in cost to renting

None of the above

None of the above.It depends on many factors, such as location and the state of the housing market.

As a rule of thumb, a mortgage payment shouldn't exceed how much of your monthly gross income?

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10%

20%

30%

50%

30%. The rule of thumb for monthly payments is that they shouldn't exceed 30 percent of your monthly gross income.

Renters must pay condominium fees.

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True

False

False. Owners of condominium units must pay those fees, though they may factor them into any rent they charge to renters.

It is possible to negotiate the rent on an apartment.

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True

False

True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.

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