Which of the following is considered an advantage of home ownership?
A. Mortgage payments are always lower than rent payments.
B. You are responsible for all repairs and maintenance.
C. Interest paid on the mortgage of your home is tax deductible.
D. Profits on real estate are guaranteed.
The answer is C. The fact that interest paid on the mortgage of your home is tax deductible is considered an advantage of home ownership.Auto answered|Score .6|ramkitten|Points 2687|User:
Which type of mortgage loan features rates that change periodically with market conditions?
A. Reverse equity mortgage
C. Conventional mortgage
D. Growing equity mortgage
B. An ARM (adjustable rate mortgage) is a type of mortgage loan which features rates that change periodically with market conditions.Auto answered|Score .3753|ramkitten|Points 2687|User:
Which of the following is not a sign of credit trouble?
A. You pay your credit balances in full, if possible.
B. You are repeatedly overdrawn at the bank
C. You are paying off one loan with another
D. You are at or over the limit on your credit accounts.
A. You pay your credit balances in full, if possible.Expert answered|theresearcher|Points 2064|User:
Which of the following is true about student loans?
A. All student loans are subsidized.
B. Rates on student loans tend to be more favorable than other types of consumer credit.
C. All student loans are issued by the federal government.
D. You do not need to be a US citizen to obtain a loan from a federal program.
B. Rates on student loans tend to be more favorable than other types of consumer creditExpert answered|peachmangopie|Points 95|
All Categories|No Subcategories|Expert answered|Rating 0| 10/3/2010 11:16:23 AM