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Teams
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Score
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monster
Reset all scores!
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rocket
Go to first place!
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fairy
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15
20
25
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lifesaver
Give 20 points!
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15
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Which of the following is not a factor you should consider when deciding where to live?
color of the paint
commute
cost of living
job availability
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15
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sum of money you pay to your landlord or property management company when you sign a new lease, usually equal to one to two months' rent
mortgage
pet fee
security deposit
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15
×
a contract outlining the terms of your rental
lease
mortgage
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15
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How much money should you put toward your home's downpayment?
20% of the price of the home
Your entire emergency fund
3 times your monthly expenses
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baam
Lose 10 points!
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magnet
Take 25 points!
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fairy
Take points!
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10
15
20
25
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baam
Lose 10 points!
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15
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Which of these is not a requirement you should meet before buying a home?
You qualify for good mortgage terms
You are married with children
You have enough saved for a down payment & emergency fund
You plan to stay in the home for 5 or more years
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15
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Millennials are buying fewer homes than in previous generations for each of these reasons EXCEPT...
They find apartments to be trendier and more fun
They have to self-fund retirement to a greater extent
They are paying down large student loans instead
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monster
Reset all scores!
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gift
Win 20 points!
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fairy
Take points!
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15
20
25
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banana
Go to last place!
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15
×
What are the 4 school expectations?
safe, responsible, respectful, follow directions
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15
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What is the average monthly rent for a two-bedroom apartment the US?
$2000 per month
$1320 per month
$500 per month
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15
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How is it possible someone could pay their mortgage monthly for years without reducing their principal by very much?
In early years, most of the payments go toward interest
The bank is pocketing that money instead of paying toward t
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boom
Lose 50 points!
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star
Double points!
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rocket
Go to first place!
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baam
Lose 25 points!
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15
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Buying a home achieves which two financial goals at the same time?
Providing a place to live, paying for your college expenses
Providing a place to live, investing for the future
Providing a place to live, paying off your consumer debt
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