7. True or False: By comparing how much you can afford per month with different loan terms (15 or 30 years) and interest rates, you can determine a range of “safe” monthly payments.
20. D. The monthly principle and interest payment are predictable and unchanging throughout the life of the loan.
21. True or False: if the seller does not agree to the contingencies on the Offer to Purchase, the buyer is still legally required to purchase the house.
37. True or False: Lenders insist that borrowers have homeowners insurance primarily to protect the value of your home in case it is damaged or destroyed.