1.Which of the following costs associated with home ownership is hardest to budget for?

A.Mortgage payments

B.Taxes

C.Repairs

D.Insurance

2.Making extra mortgage payments does which of the following?

A.Increases cash flow

B.Increases total amount paid

C.Reduces the payment amount

D.Reduces the length of the loan

3.When is refinancing a home worthwhile?

A.When interest rates have increased significantly

B.When interest rates have increased by more than two percent

C.When you can increase your monthly mortgage payment significantly

D.When the closing costs and any prepayment penalties are less than the savings on your monthly mortgage payments