Questions from Personal Finance


Q: What are closing costs, and what items do they include?

What are closing costs, and what items do they include? Who pays these costs, and when?

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Q: What are the most common guidelines used to determine the monthly mortgage

What are the most common guidelines used to determine the monthly mortgage payment one can afford?

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Q: Why is it advisable for the prospective home buyer to investigate property

Why is it advisable for the prospective home buyer to investigate property taxes?

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Q: June Xu is a registered nurse who earns $3,250

June Xu is a registered nurse who earns $3,250 per month after taxes. She has been reviewing her savings strategies and current banking arrangements to determine if she should make any changes. June h...

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Q: Describe some of the steps home buyers can take to improve the

Describe some of the steps home buyers can take to improve the home-buying process and increase their overall satisfaction with their purchases.

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Q: What role does a real estate agent play in the purchase of

What role does a real estate agent play in the purchase of a house? What is the benefit of the MLS? How is the real estate agent compensated, and by whom?

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Q: Describe a real estate short sales transaction. What are the potential

Describe a real estate short sales transaction. What are the potential benefits and costs from the perspective of the homeowner?

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Q: Why should you investigate mortgage loans and prequalify for a mortgage early

Why should you investigate mortgage loans and prequalify for a mortgage early in the home-buying process?

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Q: What information is normally included in a real estate sales contract?

What information is normally included in a real estate sales contract? What is an earnest money deposit? What is a contingency clause?

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Q: Describe the steps involved in closing the purchase of a home.

Describe the steps involved in closing the purchase of a home.

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