Question: 1. What are some common mistakes a person might make when renting an apartment or other housing?
2. What actions would you recommend to a person who was considering buying a home that needed several improvements?
3. What is the total amount of a 30-year mortgage with monthly payments of $850?
4. Describe how knowledge of current interest rates would help you better plan when obtaining a mortgage.
5. Prepare a list of actions to take when selling a home.
6. What would be the monthly payment for a $180,000, 20-year mortgage at 6 percent?