Other Financing Techniques Quiz Attempt #2
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Question 1 of 10
1. Question
Fill in the blank: _____ is the ratio of debt to the value of the property
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Question 2 of 10
2. Question
Which is commonly a feature of an adjustable-rate (ARM) mortgage?
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Question 3 of 10
3. Question
What do you call a participant in the secondary market?
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Question 4 of 10
4. Question
The mortgagor would pay no principle on the loan until the end of the term in what type of mortgage?
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Question 5 of 10
5. Question
A ______ is generally assumed to originate and fund their own loans, which are then sold on the secondary market.
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Question 6 of 10
6. Question
Which is one of the major types of loans?
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Question 7 of 10
7. Question
When a home owner with an exisiting mortgage gets a home equity loan to consolidate existing credit card loans what happens to the existing mortgage
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Question 8 of 10
8. Question
What is a principal balance?
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Question 9 of 10
9. Question
The fair credit reporting act is not _____
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Question 10 of 10
10. Question
Credit is an agreement in which:
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