Student Name Date Chapter 9 Buying a Home ACTIVITY 1 Read and review Chapter 9 to find the key terms needed to complete the following sentences Enter these terms in the highlighted Hanks 1 Lender look and should go toward your monthly housing costs in determining how much deht you can afford m ents the leader may 2. The house or the one if you d o m on your house to reclaim ownership of the property 3. A percentage of the purchase price paid in cash towards the mortgage is the 4 with a mortgage, the interest rate remains the same over the entire maturity of the mortgage, and so does the monthly payment 5. A mortgage is a schedule of interest and principal payments over the life of the loan. 6. With an change (ARM), the interest rate and the monthly payment can loun 7. As an asset, a house may be used to secure other types of loans such as a or a second more originates are paid to the lender as a form of prepaid interest when the more and are used to decrease the mortgage rate 9. The lender will have required an independent of the home's value to make sure that the amount of the mortgage is reasonable in the value of the hose that secure it refundable depositor when the purchase 10. You will be required to pay a and sale agreement is signed ACTIVITY 2 p Perform but alysis of your projected ing the follow p i co to you in de ding when to buy a as a hom e by factors of the importance few opport How large should the house behow many bedrooms and bathrooms Which rooms are most important: kitchen, family room or heme office Do you need parking or a garage Dashboard Calendar To Do Notifications inbox