Questions from Personal Finance


Q: Dave and Sharon Sampson are assessing the amount of health insurance and

Dave and Sharon Sampson are assessing the amount of health insurance and disability income insurance they have. The Sampsons’ health insurance is provided by a health maintenance organization (HMO)....

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Q: What is your first task when considering buying a home? Why

What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you?

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Q: What should you consider when determining an affordable down payment and monthly

What should you consider when determining an affordable down payment and monthly mortgage payments?

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Q: How do price, convenience of the location, and maintenance affect

How do price, convenience of the location, and maintenance affect your home buying decisions?

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Q: Why do insurance costs and taxes vary among homes?

Why do insurance costs and taxes vary among homes?

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Q: What is the main factor in determining a home’s resale value?

What is the main factor in determining a home’s resale value? How can you predict a home’s resale value? Who pays commissions when a home is sold?

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Q: Once you have reduced your list of three or four homes down

Once you have reduced your list of three or four homes down to one home, what is your next step? Should you offer the price the seller is asking? Describe how you would conduct a market analysis of th...

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Q: Why does the value of a home depend on the demand for

Why does the value of a home depend on the demand for homes? What factors influence the demand for homes?

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Q: What is term insurance? What factors determine the premium for term

What is term insurance? What factors determine the premium for term insurance? What is decreasing-term insurance?

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Q: How do lenders protect their interest in a home? Describe two

How do lenders protect their interest in a home? Describe two governmentbacked home loan programs.

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