module 9 & 10

2. Insurance that covers renter’s belongings if they are damaged or lost in a disaster.
4. A loan to finance the purchase of real estate, usually with a specified payment period and interest rate
7. This covers the gap between what the insurance company will pay on the car vs. what you owe on the car if it is totaled or stolen
8. The inability to satisfy everyone’s wants at the same time
9. helps you cover the property and belongings of homeowners
10. Principal Interest Taxes Insurance
11. the owner of the property
13. Selecting from a set of possible alternatives
14. An agreement where a payment is made for the temporary use of a property owned by another person or company.

1. best for borrowers who don’t plan to stay in a home for more than a few years.
3. The amount of cash a buyer puts toward a purchase such as 0-20%
5. best for borrowers who plan to stay in a home many years and want predictable, stable payments at the same interest rate for the life of the loan.
6. what is given up when a choice is made
10. The amount of money exchanged for a good or service
12. the party paying to use the property