Multiple Choice
Choose the most appropriate answer for each.
-a one-time charge by the FHA for insuring a loan
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
Q7: The role of the FHA in residential
Q8: A borrower signs a loan agreement for
Q9: Loan discount points shorten the repayment time
Q10: Choose the most appropriate answer for each.<br>-a
Q11: A mortgage, which is repaid in regularly
Q13: In the event of default and subsequent
Q14: Under section 203(b), the FHA lends to
Q15: A single woman applied for an FHA
Q16: A mortgage lender will lend based on
Q17: The relationship between the amount of money