1 / 9

SMART CONSUMER

SMART CONSUMER. Rent Security deposit Sublet Foreclosure Downpayment Tenant Interest rate Title. Appraisal Lessor Closing Equity Property tax Landlord Mortgage Lease. Housing Vocabulary.

barton
Download Presentation

SMART CONSUMER

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SMART CONSUMER

  2. Rent Security deposit Sublet Foreclosure Downpayment Tenant Interest rate Title Appraisal Lessor Closing Equity Property tax Landlord Mortgage Lease Housing Vocabulary

  3. If a home owner borrowed 300,000 in a mortgage to be repaid in monthly installments of $2,100 for 20 years, the total amount (principal and interest repaid is about ?

  4. The Johnsons wanted to purchase an $450,000 home; the savings and loan association agreed to finance 80% of the selling price of the home. How much would the Johnsons have to make in a down payment?

  5. Sue and Frank have an annual take-home pay of $100,000. About what is the maximum the can afford to spend on a house?

  6. Buying and Auto • 1st step – type, need, afford • Research – consumer reports, Kelly’s blue book • Sticker price – suggested retail price • Visit a MINIMUM of 3 times • AAA – Automobile Association of America

  7. Auto Vocabulary • Vehicle emission test • Lowballing – buyer quoted low price for trade then seller pretends to be talked into a higher amount • Highballing – buyer offered high price for trade then seller states that too much is being offered but can buy nicer car. • Packs – extras that add little or no value like rust-proofing, dealer services, etc. • Financing – credit unions, car dealers, banks • Leasing – no ownership

  8. Other Costs • Gas • Oil • Depreciation (odometer) • Registration and titling • Maintenance • Accessories

  9. Lemon Laws • First year if you bring the car in 4 times without fixing it. • Or if your car has been out of service for a total of 30 days. • Lawsuit is needed.

More Related