12:16 O B OLTE Becoming a Homeowner Question 1 of 10 One of the most important features of a filing and record keeping system is that it works for you and meets your needs. True False Question 2 of 10 Which one of these is the best way to prevent foreclosure? O Save at least 1% of your home's purchase price annually O Refinance as soon as possible o Use a budget to live within your means and build savings Never accept an adjustable-rate mortgage 12:16 O D OLTE A o Becoming a Homeowner Question 3 of 10 Choose the best scenario for refinancing You have a current mortgage at 5% and have been approved for a new mortgage at 3.75%. You'll break even on the closing costs in two years, and you don't plan to move for at least five. You intend to move in about nine months, but you have been approved for a mortgage with an interest rate two whole points lower than your current rate. Continue 12:16 O D OLTE A Becoming a Homeowner Question 4 of 10 A home equity loan can be risky because the lender can foreclose if you don't make your payments. True False 12:16 O D OLTE A Becoming a Homeowner Question 5 of 10 The best way to protect your family from carbon monoxide poisoning is to install a whole-house air ventilation system. True I False