190f25 /6.4 EE View Policies Current Attempt in Progress Mary Anne is considering buying a home. She is currently renting and does not have to pay for some utilities, landscaping, taxes, repairs, or maintenance. While she is excited about living in her own home, she is worried about being responsible for many more aspects of ownership. In order to determine the true cost of ownership of a home, Mary Anne should consider O the initial purchase price and future appreciation or depreciation. O the cost of nancing. 0 repairs and maintenance costs. O all of these. Save for Later Attempts: 0 of 2 used o [1:] 18 0f25 -/6.4 $5 View Policies Current Attempt in Progress Mortgage insurance premiums are based on 0 your mortgage loan balance. 0 the equity of your home. 0 the credit history. O the value of your home. Save for Later Attempts: 0 of 2 used / \"a (4\". m F3 20 of 25 - / 6.4 ;= View Policies Current Attempt in Progress Borrowers sometimes pay points to their mortgage lender in order to 0 reduce the term of the loan. 0 reduce the principal balance of the loan. 0 reduce the interest rate. 0 cover their closing costs. Save for Later Attempts: O of 2 used 17of25 -/6.4 E View Policies Current Attempt in Progress Housing needs are a function of O a household's position in their life cycle. O real estate prices. O gender. O household income. Save for Later Attempts: O of 2 used 16 onS -/6.4 55 View Policies Current Attempt in Progress What is the equity in the car? O The difference between the car's market value and the remaining amount of the loan O The difference between the car's purchase price and the amount of the loan 0 The difference between the car's purchase price and the remaining amount of the loan 0 The difference between the car's market value and the resale value Save for Later Attempts: 0 of 2 used