Multiple Choice
Points are also known as:
A) Third party charges
B) Reduction in payment amount
C) Loan discount fees
D) Reduction of mortgage yield
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q28: Prepayment penalties increase the lender's mortgage yield
Q29: Risk is an important component of interest
Q30: Truth-in-lending requires the borrower to tell the
Q31: A borrower takes out a 30-year mortgage
Q32: With a negative amortizing loan,the borrower will
Q34: At the end of five years,calculating the
Q35: Lenders and investors worry about default,interest rate,marketability,and
Q36: Graduated payment mortgage are loans available to
Q37: A reverse mortgage can be a good
Q38: A borrower takes out a 30-year mortgage