Chapter 32 Test Review - Vocab

Test Description: Housing Vocab questions

Instructions: Answer all questions to get your test result.

1) A bank loan for a home.

2) Purchased when you do not pay the full 20% down payment.

3) Cash deposit that you pay towards a home.

4) Protects your belongings due to an event such as a fire, tornado, or theft.

5) A condition that must be satisfied before a contract is binding.

6) The amount of money you have paid into your home and now own.

7) A fee paid for the maintenance and use of common space in a neighborhood or complex.

8) The amount of your loan.

9) Guarantees the property against mechanical failures after purchasing a home.

10) Legal agreement stating rules and responsibilities for renting property.


*select an answer for all questions

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