Multiple Choice
Choose the one most appropriate answer for each.
-a loan wherein the lender makes monthly payments to the property owner who later repays in a lump sum
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
Q40: Choose the one most appropriate answer for
Q41: When should a purchase money mortgage properly
Q42: A mortgage taken by a seller from
Q43: With a _ mortgage, the lender makes
Q44: Equity sharing is based on the concept
Q46: With a purchase made by an installment
Q47: An individual who is contemplating the purchase
Q48: A builder bought all 20 lots in
Q49: The phrase "taking back paper" applies to<br>A)
Q50: ARM loans with teaser rates are avoided