Multiple Choice
Choose the one most appropriate answer for each.
-an arrangement whereby a party providing financing gets a portion of the ownership
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
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
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