Multiple Choice
Choose the one most appropriate answer for each.
-to voluntarily give up a higher mortgage priority for a lower one
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
Q21: An overencumbered property would be one with
Q22: Prior to the introduction of adjustable rate
Q23: "Rich uncle " financing is a variation
Q24: In order to make adjustable rate mortgage
Q25: Choose the one most appropriate answer for
Q27: The _ is added to the index
Q28: FIRREA and the Community Reinvestment Act provided
Q29: All of the following may be used
Q30: Choose the one most appropriate answer for
Q31: Choose the one most appropriate answer for