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Choose the One Most Appropriate Answer for Each

Question 69

Multiple Choice

Choose the one most appropriate answer for each.
-a payment by the seller to the lender in order to reduce the interest for the buyer


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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