OUR HOME QUIZ

What are the components of your monthly mortgage payment?
Principal, Interest, Escrow
Principal, Interest, Taxes, Insurance
Principal, Interest, Taxes, Amortization Fees
A credit score below this number makes you a subprime borrower.
620
650
680
Some homeowners associations have voluntary memberships.
True
False
HOAs cannot levy regular dues on residents because this essentially taxes them twice on their property.
True
False
Sometimes you need more kitchen counter space. What is the name of the useful extra counter space that isn't connected to a wall?
Peninsula
Island
Pantry
Nook
This is the type of decorative trim that would line the area where the ceiling touches the wall.
Flushing
Baseboard
Topboard
Crown Molding
Below are popular neighborhoods in Brookhaven, GA except one. Which of these does not belong to the group?
Ashford Park
The Greystone
Drew Valley
Lynwood Park
These short-term, higher-interest loans pay for both the homebuilding expenses and the land.
Construction Loans
Land Loans
What does ARM stand for?
Adjustable-return mortgage
Annual return mortgage
Adjustable-rate mortgage
Annual reasonable mortgage
In a 2007 report, what did Countrywide find was the No. 1 reason for foreclosure?
Divorce
Loss of income
Changes in mortgage interest rate
Illness
Failure to sell the home
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