"Home Buyers Quiz" Are you informed to make a wise buying decision?

Question 1

I'll get better value by buying the least-expensive home in a sought-after neighborhood rather than the best home in a less-popular one.

Answer

true

Question 2

If I hire a buyer's agent, I'll have to pay that agent's fee if he or she helps me buy a home.

Answer

true

Question 3

Taking a fixed-rate mortgage is always the best way to finance a home purchase.

Answer

true

Question 4

I can take a tax deduction for mortgage loan points for my main home, even if they're paid by the seller.

Answer

true

Question 5

Since I don't have kids, the quality of local schools are not important when choosing a neighborhood to live in.

Answer

true

Question 6

I should make a final walk-through inspection of the home I'm purchasing the same day as settlement or closing, if possible.

Answer

true

Question 7

It makes sense to buy furnishings now for the home I'm in the process of purchasing, so I can move in and get settled fast, once the deal is closed.

Answer

true

Question 8

The title insurance policy my lender insists that I buy will protect my interests should someone make a claim on my home down the road.

Answer

true

Question 9

Getting the best interest rate is the most important consideration when choosing a mortgage loan.

Answer

true

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