Multiple Choice
Choose the most appropriate answer for each.
-a loan requiring periodic payments that include both interest and principal
A) Amortized loan
B) Amortization tables
C) Balloon loan
D) Budget mortgage
E) Conventional loan
F) Discount point
G) Equity
H) FHA
I) Impound account
J) Loan balance table
K) Loan origination fee
L) Loan-to-value ratio
M) Maturity
N) Partially amortized loan
O) PITI payment
P) PMI
Q) Point
R) Principal
S) Term loan
T) UFMIP
Correct Answer:

Verified
Correct Answer:
Verified
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Q53: Choose the most appropriate answer for each.<br>-a
Q54: A house sells for $102,000 and is
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Q59: Choose the most appropriate answer for each.<br>-a
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