Finance and accounting

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• 20 Mar, 2021
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Finance and accounting

QUESTIONS

1. What factors affect a person’s ability to buy a house?                                                                  [1 Mark]
2. What are common sources for a down payment? Why should home buyers not use all of their savings to make the down payment on a home?                                                                            [2 Marks]
3. What problems could arise in a co-ownership housing arrangement?                                  [2 Marks]
4. Locate Web sites that provide housing information that would be of value to Mike and Ike during their home-buying activities.                                                                                                                       [2 Marks]
5. What is one risk they need to consider with their financing decision and how should they prepare for possible changes in interest rates?                                                                                                   [2 Marks]