The commitment issued by a lender to borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost is called:
A) a rate lock
B) under lock and key
C) a promissory note
D) a deed of trust
Correct Answer:
Verified
Q3: Once you buy a house, the amount
Q4: Which of the following does the Federal
Q5: If you purchase a type of insurance
Q6: A type of foreclosure proceeding used in
Q7: Which of the following is not part
Q8: A period payment cap applies to:
A)Any mortgage
Q10: A fund set aside for replacement of
Q11: The term "servicing" describes:
A)the collection of mortgage
Q12: A two- to-four family property:
A)consists of a
Q13: A home inspection is:
A)a thorough inspection by
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