As a rule of thumb, one point corresponds to ______in the interest charge.
A) 0.1 percent
B) 1.0 percent
C) 10.0 percent
D) 0.001 percent
Correct Answer:
Verified
Q29: A typical loan-to-price ratio is
A) 90%
B) 80%
C)
Q30: The principal risks associates with real estate
Q31: Most mortgage loans in the United States
Q32: ARM payments increase when
A) the index rate
Q33: During the early years of repaying mortgage
Q35: Assumable loans change interest rates
A) when interest
Q36: A rate floor in an ARM
A) is
Q37: Negative amortization of a mortgage loan may
Q38: In order for the seller of securitized
Q39: The Federal National Mortgage Association is
A) a
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