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The flashcards below were created by user
jlbib08
on FreezingBlue Flashcards.
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Assess your automobile needs and determine what you can afford.
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Decide among automobile financing alternatives.
Lease or own?
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What you think of as debt to income ratio, the book calls...
- debt payment ratio
- 33% is as high as lenders want to see
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Evaluate your housing needs and determine what you can afford.
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Select a home that meets your needs and negotiate an acceptable price for it.
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Choose among financing options and know how to apply for and qualify for a mortgage.
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The auto and housing decision process.
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Auto insurance and auto financing options.
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Home mortgages and real estate transactions.
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Two types of consumer loans.
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What is a prime rate?
A prime rate is typically what rate a bank charges their preferred customers and used as the base rate for variable loans.
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Examples of fixed loans and variable loans.
- Auto loans are usually fixed.
- Home equity and credit cards can be fixed or variable.
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