Financing Techniques Quiz Attempt #2

The grantor of a security deed in Georgia is the

A mortgage lender in Georgia makes a loan at 5 1/4 percent. If the lender’s yield on the loan is actually 6%, how many loan discount points are being charged on this loan?:

The use of the security deed in Georgia permits a lender to ______ without going to court.

The defeasance clause in a mortgage requires the mortgagee to not complete a(n):

Fannie Mae’s primary activity is not to:

A change in your mortgage without having to refinance is

A ___________ is an adjustable rate mortgage that allows the borrower to change the ARM to a fixed rate mortgage within a specific time.

What must a mortgagee complete since there is a defeasance clause in their mortgage?

The main role of Fannie Mae is to:

After the borrower has defaulted on their loan and did not make payments after the lender has contacted them, the lender is able to the following:

Define modification

Which type of mortgage allows the borrower to change the ARM to a fixed rate mortgage within a specific time?

What is the rate for the Georgia intangibles tax?

Which of the following is true about the existing mortgage reguarding a homeowner who gets a home equity loan to consolidate existing credit card loans and already has and existing mortgage?:

What does a mortgagor pay that insures their mortgage, may it be government or private

What does the term foreclosure mean?

A loan in which the borrower makes only interest payments is called a(n)

What is a budget mortgage?

What is the function of a note in a mortgage or trust deed financing arrangement?

The major organizations operating in the secondary mortgage market are?