Test your mortgage knowledgeby Tim Manni
April is Financial Literacy Month. Aside from taxes, probably no financial instrument or process is less understood than mortgages and the mortgage market. The truth is, it is a complex market, but by no means beyond the comprehension of most people…even you! In addition to being intimidating, it can also be hard to find an objective, unbiased source of information to help you.
Are you required to put at least 20 percent down on your mortgage?
Is private mortgage insurance a policy that protects you or your lender?
To get you started, here’s a little true, false quiz to test your mortgage knowledge…CLICK HERE to take our mortgage quiz.