Multiple Choice
When an existing loan at a low interest rate is refinanced by a new loan at an interest rate between the current market rate and the rate of the old loan, the result is a
A) combined rate.
B) blended loan.
C) wraparound loan.
D) merged loan.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: Under the terms of a shared appreciation
Q9: The interest rate of a loan from
Q10: Construction loans are<br>A) long term, low risk.<br>B)
Q11: By law lenders are required to disclose
Q12: When two or more properties serve as
Q14: Choose the one most appropriate answer for
Q15: Some real estate agents and lenders refer
Q16: The first step toward mortgage loans with
Q17: A loan where items classed as personal
Q18: For a successful wraparound, it is necessary