Unit 1 Review

Checking the facts

Vocabulary to remember

Fill in the blanks.

1. The type of loan you get to buy a home is a mortgage loan.

2. The mortgage lender must decide if you can repay a loan.

3. A list of the places you have worked and the dates of your employment
is a job history.

4. A credit report will show if you have paid your bills on time.

5. If you do not have credit cards and have never taken a loan, you can collect records
to make your own nontraditional credit history.

6. The lender will check to see that you have the down payment and the closing costs in a bank account.

Working with numbers

Find 5 percent of the house price to calculate the down payment.

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