Personal Finance Exam Review 8

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Mortgage lenders usually offer lower interest rates in exchange for higher discount points. Whether or not this is a good deal depends mostly on

A fund where money is held to pay amounts that will come due during the year---such as property taxes and property insurance--is called a(n)

A detailed list of current property conditions is called a(n)

Which of the following is probably NOT a question you need to ask of a prospective roommate?

For purposes of computing property taxes owed against your home, the city or county in which you live sets a(n) ____ value on the property.

Which type of college does not provide any on-campus housing options?

Most financial experts advise allotting ___ percent of your total budget for houseing.

Because certain tax deductions lower the cost of home ownership, owning real estate is sometimes called a