Which Of These Expense Types And Answers Is True
Question: What is usualy an advantage of homeownership?
Answer: Tax benefits
Question: When creating a speding plan, you use your gross montky income ?
Answer: False
Question: Which of these expense types and answer is true ?
Fixed expenses
2. Periodic fixed expenses
3. Flexible expenses
4. Indebtedness expenses
Answer: Indebtedness : minumum monthly payments you make on your loans and credits cards
Question: Which are all parts of the mortgage payment ?
Answer: -principal
-interest
-taxes
-insurance
Question: The down payment is an upfront cost homeownership?
Answer: True
Question: The 4 C’s are?
Answer: -Capital
-Capacity
-Credit History
-Collateral
Question: The housing ratio is used to determine how much your groas montly income can be used to make the montly mortgage paymet plus all existing debt payments ?
Answer: False
Question: A prequalification is a guarantee from lender to loan your money ?
Answer: False
Question: There is only one type of credit history ?
Answer: False
Question: Your payment history makes up the largest portion of your credit score?
Answer: True