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    Exam 13: Types of Financing
  5. Question
    A Loan Arrangement Whereby a Lender Extends a Line of Credit
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A Loan Arrangement Whereby a Lender Extends a Line of Credit

Question 54

Question 54

Multiple Choice

A loan arrangement whereby a lender extends a line of credit is


A) a buy-down mortgage.
B) an open-end mortgage.
C) a wraparound mortgage.
D) a purchase money mortgage.

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