Multiple Choice
Choose the one most appropriate answer for each.
-a mortgage loan on which the rate of interest can rise and fall with changes in prevailing interest rates
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
Q1: The interest rate of an adjustable rate
Q2: Each of the following statements about open-end
Q3: A mortgage secured by two or more
Q5: The index stays constant over the life
Q6: One of the main differences between a
Q7: Choose the one most appropriate answer for
Q8: Under the terms of a shared appreciation
Q9: The interest rate of a loan from
Q10: Construction loans are<br>A) long term, low risk.<br>B)
Q11: By law lenders are required to disclose