Multiple Choice
Choose the one most appropriate answer for each.
-the amount of time that elapses between interest rate changes on a loan
A) adjustment period
B) adjustable rate mortgage (ARM)
C) blanket mortgage
D) blended-rate loan
E) buy-down mortgage
F) carryback financing
G) contract for deed
H) equity mortgage
I) equity sharing
J) graduated payment mortgage
K) interest rate cap
L) negative amortization
M) option
N) overencumbered property
O) package mortgage
P) payment cap
Q) reverse mortgage
R) sale and leaseback
S) subordination
T) wraparound mortgage
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Choose the one most appropriate answer for
Q53: For the borrower there are no disadvantages
Q54: A loan arrangement whereby a lender extends
Q55: The objective of a graduated payment mortgage
Q56: With the _ payment mortgage, the interest
Q58: Choose the one most appropriate answer for
Q59: Choose the one most appropriate answer for
Q60: The most popular index is the local
Q61: By far the most common adjustment period
Q62: It is possible for individuals to buy