Test Your Learning
Test your knowledge about buying a house
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- Question 1 of 10
1. Question
Buying a house may involve some hidden costs such as legal fees, home inspection fees and taxes.
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2. Question
Having your home inspected by a professional, before you buy, is always a good idea.
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3. Question
Taking money out of your equity for home repairs or renovations is always a good idea.
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4. Question
Always be sure to put money aside for maintenance costs such as a new roof or furnace.
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5. Question
You may want to have a team helping you. This team could include your financial adviser, real estate professional and tax consultant.
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6. Question
The smaller your down payment, the better!
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7. Question
Your debt-to-income ratio compares your monthly monthly payment to your income.
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8. Question
A good home inspection will prevent you from buying a home with any defects.
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9. Question
The location of your home should be considered before making your purchase.
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10. Question
Getting pre-approved for a mortgage before you begin your search is a great way to eliminate the possibility of being disappointed later.
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