Hf Home Ownership Education Mod4

9 Questions  I  By Fnbhf
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Hf Home Ownership Education Mod4
Please complete the Home Ownership Education Questionnaire - Module 4.

  
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Questions and Answers

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  • 1. 
    When do you start to pay rates and taxes on the property?
    • A. 

      The day you signed the mortgage loan agreement with the bank

    • B. 

      The day the property is registered in your name

    • C. 

      The day the property is evaluated


  • 2. 
    When will you pay a levy to the body corporate? 
    • A. 

      When you own a freehold property

    • B. 

      When you own a sectional title


  • 3. 
    By paying more every month than what is required on your bond instalment you will:
    • A. 

      Repay your bond sooner and save on interest

    • B. 

      Be a good customer


  • 4. 
     If you are in financial difficulty it is best to speak to...
    • A. 

      Your family

    • B. 

      Your spouse

    • C. 

      Your bank


  • 5. 
    It is better to... 
    • A. 

      Have my house sold at an auction

    • B. 

      Sell my house on the open market


  • 6. 
     It is important that you view the property before you sign the offer to purchase.
    • A. 

      True

    • B. 

      False


  • 7. 
    What is one of the most important things to consider when buying a house?
    • A. 

      Costs of being a home owner

    • B. 

      Repair/defects request capital outlay

    • C. 

      Repossessed property having illegal occupants (previous owner not moving).

    • D. 

      All of the other options


  • 8. 
    If you pay your bond in advance you don't need to make payments the following month. 
    • A. 

      True

    • B. 

      False


  • 9. 
    If you have a fixed rate your rate will change when general rate changes are announced. 
    • A. 

      True

    • B. 

      False


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