When Home Prices Are Rising It Is Easier for Homeowners

question 49

Multiple Choice

When home prices are rising it is easier for homeowners who have fallen behind on their mortgages to get caught up because ________.

• A)they can sell their house and buy a smaller one
• B)lenders will allow homeowners to use the built-up equity in their home to refinance their mortgages
• C)they can rent out an extra room in their homes to earn extra income
• D)with rising home prices homeowners will pay less in property taxes and use the savings to make mortgage payments

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Definitions:

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The measure of how widely and densely a product or service is available or distributed across a geographical area or market.

Piaget

A Swiss psychologist known for his pioneering work in child development and cognitive theory.

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High-quality jewelry made from precious metals and gemstones, including pieces like rings, necklaces, earrings, and bracelets, often associated with luxury and craftsmanship.

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