If the Amount You Owe on Your House Is Greater

question 165

Multiple Choice

If the amount you owe on your house is greater than the price of the house,you have

• A)no value to your house.
• B)a mortgage rate that is too high.
• C)negative equity in your house.
• D)a reverse mortgage on your house.

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Definitions:

Entrepreneurs

Persons who organize, operate, and assume the risks of a business venture, aiming at making a profit.

Job Title

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Serial entrepreneurs are individuals who continuously start new businesses, moving from one venture to the next.

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