Which one of the following terms applies to the process of reducing mortgage principal over the life of a mortgage?
A) mortgage amortization
B) mortgage prepayment
C) mortgage elimination
D) mortgage securitization
E) mortgage passthrough
Correct Answer:
Verified
Q12: If a borrower pays a constant monthly
Q13: Which one of the following statements correctly
Q14: FHLMC and FNMA are government-sponsored enterprises charged
Q15: Mortgage-backed securities are defined as securities whose
Q16: The average time for a mortgage in
Q18: Securities that are created by splitting the
Q19: Which one of the following is the
Q20: Which one of the following is the
Q21: You own a mortgage passthrough. Which one
Q22: A mortgage-backed security that has only a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents