Which of the following plays a significant role in a person's ability to get a mortgage to buy a home?
A) homeowner's insurance coverage
B) FICO score
C) comprehensive insurance coverage
D) compounded interest
E) Social Security report
Answer: B
Explanation: B) A FICO credit score over 720 is required to get the best interest rates on mortgages. With lower scores, a person will pay higher interest on a mortgage or may not qualify at all.
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Martha contacts a bakery to get a cake for her son's birthday party. She tells the baker that she will pay him $150 for the cake if he delivers the cake on Friday evening
If the baker does not deliver the cake on Friday evening, which of the following will hold true? A) Martha can sue the baker to recover $150 in damages. B) Martha can sue the baker but cannot recover damages. C) The baker has to give $150 plus cost of the replacement cake to Martha as he entered into a verbal contract with her. D) Martha cannot sue the baker.
Which clause in a will distribute all property not disposed of in the otherclauses of the main body of the will?
a. Devise b. General legacy c. Residuary clause d. Exordium clause