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) What’s the difference between a “buyer’s market: and a “seller’s market”?


8) How does a “fixed-rate mortgage” work?
9) Why might an “adjustable-rate mortgage” be potentially a problem?

10) Why do you think the government insures FHA Loans?

11) How does pre-approval help people who are shopping for a home?


12) Which people should you consider looking over your contract before signing?
13) What types of expenses are covered in contingencies?
14) Why is it important to get a Title Search and Title Insurance?
15) Why are you required to have Homeowner’s Insurance?

16) Homes are fantastic equity. It’s possible to borrow huge amounts off of a home as collateral. What is a Home Equity Line of Credit?

17) Why would someone consider refinancing their mortgage?

18. What would your friends say if you told them that you had just purchased your own home?

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Answer:

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