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If a mortgage lender in Georgia makes a loan at 5.25% but actually has a yield of 6%, how many discount points are being charged
The lender may advertise a property in the appropriate county newspaper for an upcoming _________
The defeasance clause in a mortgage requires the mortgagee to obtain a(n):
Fannie mae is used to:
Can you make a modificaiton on your mortgage without having to refinance?
What kind of adjustable rate mortgage allows the borrower to change the ARM to a fixed rate mortgage within a specific time?
A mortgagee is required to do the following due to the defeasance clause in their mortgage:
What is Fannie Mae mainly responsible for?
A borrower has defaulted on their loan and has not made payments once the lender has contacted them. Which of the following actions can the lender take:
What action is occurring when modification takes place?
An adjustable rate mortgage that that can transition into a fixed rate mortgage per the borrower’s permission within a specific time is called a:
The Georgia intangibles tax rate is:
A homeowner gets a home equity loan to consolidate existing credit card loand and already has an existing mortgage, what happens to the existing mortgage?:
A morgator must pay the following to a government or private instution recieve morgagate insurance:
The ____ grants the security deed in Georgia
Legal process in which property that is pledged as security for a debt is sold to satisfy the debt is known as?
A straight term loan is defined as
Under which financing mortgage payment is composed of the principal, interest, taxes and insurance.
The borrower in a mortgage loan transaction is known as the
The major organizations operating in the secondary mortgage market are?