When Following Smart Buying to Purchase a Home You Should

question 183

Multiple Choice

When following smart buying to purchase a home you should

• A) create a budget and determine what PITI you can afford.
• B) check out your FICO score and get a copy of your credit report.
• C) look at your overall financial plan to determine how big a loan you should take on.
• D) determine how much of a down payment you can afford.
• E) All of the above.

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Definitions:

Variability

A statistical measure that expresses the degree of dispersion or spread in a data set, indicative of how much individuals within the set differ.

Symmetry

A property of shapes or designs where one half is a mirror image of the other half.

Bimodal

Describing a distribution that has two different modes or peaks in its frequency of occurrence.

Frequency

The number of times an event occurs within a given data set.