Describe several different ways loans can be structured. Discuss amortization, the different ways that interest may be charged, the lengths of loans, the ways that notes may be paid, and prepayment clauses.
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Q10: Loan-to-value ratio is used by lenders as
Q11: In a conventional mortgage:
A) the government does
Q12: A mortgage that allows the borrower to
Q13: The Federal Housing Administration (FHA):
A) guarantees that
Q14: A mortgage that starts with relatively low
Q15: The Federal National Mortgage Association (Fannie Mae):
A)
Q16: What is a due on sale clause?
Q17: Name the three parties involved in a
Q18: What was the primary cause of the
Q19: What is a land contract (installment land
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