|"get the ax" = be fired|
"Doug got the ax at work yesterday, and now he's really worried about paying his mortgage."
"be loaded" = be rich, wealthy
"He's really loaded, so he can afford to make big house payments."
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[ Quiz Script ]
Taking out a loan is often the only way people can afford major investments or purchases such as a college education or home. However, what advantages are there to refinancing a mortgage or student loan at a lower interest rate? Use the Internet to learn more about this.
|I. Pre-Listening Exercises [Top]|
HELPFUL TIP: You often can save a lot of money in interest payments if you pay off your home loan early instead of waiting 20-30 years to repay it. |
I. Listen to the conversation by pressing the "Play Audio" button and answer the questions. Press the "Final Score" button to check your quiz.
|II. Listening Exercises [Top]|
II. Listen to the conversation again as you read the Quiz Script.
III. Do practice activities to review the vocabulary:
|III. Post-Listening Exercises [Top]|
Discuss with a partner the advantages and disadvantages of taking out loans to pay for expenses? Are there times when taking out loans is justified? Are there situations when you have to use credit cards to make purchases? If so, when? What are some basic steps to avoid getting into serious debt?
Now, write your opinions on a similar topic at Randall's ESL Blog HERE.
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