1. Capacity is...
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Your record of paying bills and other debts on time.
Your current and future ability to pay back the loan.
The value of the home that you plan to buy.
The amount of furniture you could fit into a 400-square foot family room.
2. Capital is...
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The money and savings that you have on hand plus investments, properties, and other assets that could be sold fairly quickly for cash.
The value of the home that you plan to buy.
Your current and future ability to pay back the loan.
The most important city or town of a country or region, usually its seat of government and administrative center.
3. Collateral is...
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A 2004 action thriller film starring Tom Cruise and Jamie Foxx.
The value of the home that you plan to buy.
Your record of paying bills and other debts on time.
Your current and future ability to pay back the loan.
4. Credit is...
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The value of the home that you plan to buy.
The money and savings that you have on hand plus investments, properties, and other assets that could be sold fairly quickly for cash.
Your record of paying bills and other debts on time.
A 2004 action thriller film starring Tom Cruise and Jamie Foxx.
5. When evaluating your capacity to pay back a loan, lenders look at your __________ to make sure that you have the means to take on a mortgage comfortably.
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Income, employment history, savings, and monthly debt payments
Family, location, education, and employment history
Score on this quiz
Income, favorite baseball team, and monthly debt payments
6. Having capital proves that you can….
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Manage your March Madness bracket.
Manage your money and have funds, in addition to your income, to pay the mortgage.
Pay for a Blu-Ray copy of the 2004 action thriller film starring Tom Cruise and Jamie Foxx.
Not properly manage your funds.
7. Okay, we’re sneaking in a question for the sports fans. Which program has the most NCAA Men's Basketball Tournament titles?
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UCLA
Kentucky
Duke
North Carolina
Virginia
8. One more time for the people in the back… What are the four Cs?
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Caring, Civility, Carefulness, Coercion
Capacity, Caring, Capital, Credit
Credit, Career, Calligraphy, Capital
Capacity, Capital, Collateral and Credit