D. Say whether the following statements are true, false or there is no information on the subject in the text

1) Mortgage is a legal arrangement by which you borrow money from a bank or similar organization in order to buy a car.

2) A bank owns your house or a flat until the debt is paid up.

3) It is wiser to own one’s home than to rent a house or an apartment.

4) Like Americans many Europeans strive to own the places which they call home.

E. Find in the text phrasal verbs that mean:

выплачивать сполна, сопровождать, держаться наравне (не отставать), отставать.

F. Say which paragraphs contain information corresponding to the information in the following sentences.

1) Many elderly folk take part in the so-called “return mortgage”.

2) Americans do not pay taxes on the mortgage.

3) It is much more profitable to keep money in circulation.

4) Real estate deals are a common form of earning one’s living.

TEXT 11 INSURANCE