Which of the following would be an advantage of leasing a vehicle?

Which of the following would be an advantage of leasing a vehicle?

Which of the following would be an advantage of leasing avehicle? A. Automatic ownership interest in the car B. Unlimited mileage on the car C. No need to meet credit requirements D. Lease payments are likely to be lower than finance payments A cost associated with home buying would be: A. the security deposit. B. annual appreciation of the property. C. property taxes. D. interest lost on the security deposit. Brenda Williams plans to rent instead of buy her housing. Whatadvantage of renting will Brenda encounter? A. Tax advantages B. Lower initial costs C. Community pride D. Financial benefits A common financial benefit of home ownership is: A. increased property value. B. a low security deposit. C. tax deductibility of the down payment. D. amortization of the growth of equity. Which of the following would increase the amount that a personcould afford to spend on a home? A. Increased family income B. Increased interest rates C. Decreased down payment D. High monthly living expenses What is prepaid interest charged by a mortgage company? A. Escrow B. Points C. Origination fee D. Title fee Todd Foley is applying for a $100,000 mortgage. He can get a $600monthly payment for principal and interest and no points, or a $520monthly payment with 2 points? How many months will it take Todd tocover the cost of the discount points if he takes the lower monthlypayment? A. 6 B. 10 C. 18 D. 25 Which of the following is an advantage of buying a home? A. Mobility B. Tax benefits C. Fewer responsibilities D. Minimal financial commitment A cost associated with renting would be: A. property insurance. B. maintenance costs. C. title insurance. D. security deposit. Which of the following is an example of a closing cost? A. Origination fee B. Mortgage application fee C. Earnest money D. Title insurance


Comments are closed.