Chapter 32 Test Review - Vocab Question Preview (ID: 42460)


Housing Vocab Questions. TEACHERS: click here for quick copy question ID numbers.

A bank loan for a home.
a) Down payment
b) Principal
c) Mortgage
d) Lease

Purchased when you do not pay the full 20% down payment.
a) Warranty
b) Private mortgage insurance
c) Rental insurance
d) Contingency

Cash deposit that you pay towards a home.
a) equity
b) mortgage
c) down payment
d) principal

Protects your belongings due to an event such as a fire, tornado, or theft.
a) private mortgage insurance
b) rental insurance
c) property insurance
d) warranty

A condition that must be satisfied before a contract is binding.
a) contingency
b) warranty
c) equity
d) homeowners association

The amount of money you have paid into your home and now own.
a) mortgage
b) warranty
c) equity
d) lease

A fee paid for the maintenance and use of common space in a neighborhood or complex.
a) warranty
b) private mortgage insurance
c) equity
d) homeowners association

The amount of your loan.
a) principal
b) mortgage
c) down payment
d) interest

Guarantees the property against mechanical failures after purchasing a home.
a) equity
b) contingency
c) warranty
d) appraisal

Legal agreement stating rules and responsibilities for renting property.
a) mortgage
b) lease
c) appraisal
d) disclosure statement

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 42460 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links