Buying a home can be as thrilling as it is frustrating. In what might be the biggest purchase you'll ever make, it's difficult to avoid overpaying agent fees, insurance and mortgage payments, among other things. Before you rush into any deal for your dream house, measure your homebuying knowledge in this quiz.
Question 1 of 10
Which of the following should you do before you start shopping for a house?
Question 2 of 10
When shopping for a house, you should also be shopping for a loan. Which status should you seek to give you an upper hand with a seller?
Question 3 of 10
What is amortization?
Question 4 of 10
Which of the following mortgage terms gives you the maximum tax advantage?
Question 5 of 10
What percent down payment should you make in order to avoid having to get private mortgage insurance?
Question 6 of 10
How much should you expect to pay for a professional home inspection?
Question 7 of 10
Which of the following types of real estate agent works for an office that does not take listings of any kind and represents only buyers?
Question 8 of 10
If you sign an agreement with a buyer's agent, which kind of clause should you make sure the contract includes?
Question 9 of 10
After a seller has told you he has agreed to accept your offer and then backs out, what's your legal recourse?
Question 10 of 10