Question

Your monthly payments for a house are likely to be as high as rent when you factor in mortgage payments, property taxes, homeowner's insurance, and home repairs.
Question 34 options:

True

False
Random Section Chp 8
Question 35 (2 points)
What is the correct chronological order of the items listed below?
Question 35 options:

Good credit history, loan contract, repayment schedule, loan application

Good credit history, loan application, loan contract, repayment schedule

Good credit history, repayment schedule, loan application, loan contract

Good credit history, repayment schedule, loan contract, loan application

Answer 1

Question 34: **True**

When considering all the costs associated with homeownership, including mortgage payments, property taxes, homeowner's insurance, and home repairs, monthly payments for a house can indeed match or exceed rent.

Question 35: **Good credit history, loan application, loan contract, repayment schedule**

This order reflects the typical process of obtaining a mortgage. First, you need a good credit history, then you submit a loan application. After approval, you receive a loan contract, and finally, a repayment schedule is established.