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Chapter 5

Chapter 5. Discussion. 1. Why is a debit card like using cash? (121). 2. When you move out of your parents house into your own home, what costs do you expect? (122). 3. What are the advantages of having a shorter term loan on a house? (123). 4.

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Chapter 5

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  1. Chapter 5 Discussion

  2. 1 • Why is a debit card like using cash? (121)

  3. 2 • When you move out of your parents house into your own home, what costs do you expect? (122)

  4. 3 • What are the advantages of having a shorter term loan on a house? (123)

  5. 4 • What are some differences between apartment living and house living? (125)

  6. 5 • What are something's you can expect to be on a lease agreement? Do you think it is different between a college town and a regular town? (128)

  7. 6 • Why do you think so many people are involved in the home buying process? (135)

  8. 7 • What are some options you have when deciding to purchase a house? (137)

  9. 8 • When you tour a home for sale how do you expect it to look? What are something's you may look for? (138)

  10. 9 • What are some differences between selling your house with an agent and FSBO?

  11. 10 • What is the difference between a fixed and variable interest rate?

  12. 11 • What happens if you foreclose on a house or claim bankruptcy?

  13. 12 • What is the first thing you need to do before going to look for a house to buy?

  14. 13 • After you purchase a home, how many years should you stay in that home? (147)

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