Questions from Personal Finance

Q: What are the main sources of money for a down payment?

What are the main sources of money for a down payment?

Q: What factors affect a person’s ability to qualify for a mortgage?

What factors affect a person’s ability to qualify for a mortgage?

Q: For the following situations, select the type of home financing action

For the following situations, select the type of home financing action that would be most appropriate: a. FIXED-RATE b. REFINANCE c. HOME EQUITY LOAN d. VA MORTGAGE e. REVERSE MORTGAGE

Q: What actions are recommended when planning to sell your home?

What actions are recommended when planning to sell your home?

Q: What factors affect the selling price of a home?

What factors affect the selling price of a home?

Q: What should you consider when deciding whether to sell your home on

What should you consider when deciding whether to sell your home on your own or use the services of a real estate agent?

Q: What are the four methods of managing risks? Give an example

What are the four methods of managing risks? Give an example for each.

Q: List the four steps in planning for your insurance program.

List the four steps in planning for your insurance program.

Q: Give an example of each kind of risk—personal, property

Give an example of each kind of risk—personal, property, and liability.

Q: Surprise! Jamie Lee and Ross were stunned to find that their

Surprise! Jamie Lee and Ross were stunned to find that their family of two has grown to a family of five! They were expecting twins until they found out the day they were born that they were actuall...