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Owning a Home Quiz

Homeownership can be rewarding. But being a successful homeowner entails additional responsibilities and requires continued education.

Start by educating yourself about home equity and appreciation, the costs of homeownership, the responsibilities of homeownership and what to do if you aren’t able to make your mortgage payment. Then, test your knowledge with this quiz.

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What is equity?
As a homeowner, you need to be prepared to pay:
When it comes to your home’s upgrades, repairs and maintenance, which of the following is true?
Which of the following is the best indicator of what your property is worth?
Which of the following are warning signs of financial problems that can lead to foreclosure on your home:

CreditSmart ® Homebuyer U

Prepare for homeownership, whether you are ready to buy or still exploring your options, with CreditSmart® Homebuyer U, a free, customizable online course — also available in Spanish.

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