In simple terms, a sum of borrowed money (principal) usually repaid with interest is called a:
A) mortgage
B) loan
C) conventional loan
D) alternative mortgage
Correct Answer:
Verified
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Q38: The security of a loan made on
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Q41: A schedule that shows how much of
Q43: A broker who is hired by an
Q44: Which of the following is not a
Q45: What is "community property"?
A)Property that is owned
Q46: Which of the following items is usually
Q47: When ownership of a mortgage is transferred
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