Homebuyer Quiz
Are You Ready To Buy A Home? Take Our Short Interactive Quiz!
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You’d be surprised at what you don’t know about buying a home.
Many people think they know all they need to about buying a home. Where do you fit?
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Question 1 of 5
1. Question
What’s more important: a credit score above 680 or a 5% down payment?
Correct
A credit score above 680 is always the best bet.
Incorrect
A credit score above 680 is always the best bet.
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Question 2 of 5
2. Question
True or False: You should always get the mortgage product with the
lowest interest rate.Correct
Some interest rates allow you to borrow more and pay faster.
Incorrect
False! Some interest rates allow you to borrow more and pay faster.
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Question 3 of 5
3. Question
Who should attend homebuyer education courses?
Correct
Everyone can benefit from homebuyer education! Homebuyer education courses teach the ins and outs of homeownership and can find you perks to getting a down payment and buying a home.
Incorrect
All of the above. Everyone can benefit from homebuyer education! Homebuyer education courses teach the ins and outs of homeownership and can find you perks to getting a down payment and buying a home.
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Question 4 of 5
4. Question
Below are essential members of a homeownership team. Which two do not belong?
Correct
A police officer and contractor are not essential elements of a homeownership team.
Incorrect
A police officer and contractor are not essential elements of a homeownership team.
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Question 5 of 5
5. Question
How much money do you need for a down payment on a $100,000 house?
Correct
Your down payment should be 3%-5% of the household value.
Incorrect
$3,000-$5,000. Your down payment should be 3%-5% of the household value.