Dave Ramsey Real Estate Exam Questions and Answers

Dave Ramsey Real Estate Exam Questions and Answers Appreciation term-15 - Answer️️ -An increase in value Land survey - Answer️️ -Shows where property lines are Equity - Answer️️ -The value of your house over and above the mortgage MLS - Answer️️ -Listing service realtors use Mortgage - Answer️️ -Loan secured by collateral of a specific real estate property Home warranty - Answer️️ -An agreement that ensures the structural soundness of a home Principal - Answer️️ -The face value of your mortgage, not including interest Title insurance - Answer️️ -Protects you against an ownership claim Which is true about owner financing? - Answer️️ -d. all of the above How much do you need for a down payment in order to avoid paying PMI? - Answer️️ -c. 20% Which is not an investment benefit to home ownership? - Answer️️ -lower tax bracket What is not a type of mortgage? - Answer️️ -lease to own What type or mortgage is an ARM? - Answer️️ -adjustable rate mortgage Your rent or mortgage payment should be at least 25% or more of your take-home pay. - Answer️️ -False