12:16 O D OLTE A Becoming a Homeowner Question 6 of 10 What should you do if you start having a hard time paying your mortgage? Select all that apply. Use your credit cards for everything so you can meet your payment Notify your mortgage servicer Contact a Homeownership Advisor Wait a few months and see if things turn around Cut other expenses where you can 12:17 O D OLTE A Becoming a Homeowner Question 7 of 10 How much should you save each year for maintenance on your home? $500 Whatever your home inspector recommends 7% of your gross income At least 1% of the purchase price Continue 12:17 O D OLTE A O Becoming a Homeowner Question 8 of 10 One of the advantages of a home equity loan is that you can borrow money any time, up to the approved amount. True False 12:17 O D OLTE A Becoming a Homeowner Question 9 of 10 Which of these is not a responsibility of homeownership? Being a courteous neighbor Getting appraisals done annually Keeping your home properly insured Keeping your home safe and secure Regular home maintenance Continue 12:17 O D OLTE A Becoming a Homeowner Question 10 of 10 In which scenario do most homeowners use the equity in their home? To pay off student loans When they have children When they sell it to buy a new one When they're threatened with foreclosure Continue