Multiple Choice
Choose the one most appropriate answer for each.
-a method of selling and financing property whereby the buyer obtains possession but the seller retains the title
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:

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Correct Answer:
Verified
Q15: Some real estate agents and lenders refer
Q16: The first step toward mortgage loans with
Q17: A loan where items classed as personal
Q18: For a successful wraparound, it is necessary
Q19: A payment cap leaves open the amount
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