A rate floor in an ARM
A) is the highest rate a borrower may pay
B) is the lowest rate a borrower may pay
C) part of the margin
D) may result in negative amortization
Correct Answer:
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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
Q34: As a rule of thumb, one point
Q35: Assumable loans change interest rates
A) when interest
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
Q40: Government National Mortgage Association is
A) a division
Q41: Real Estate Investment Trusts tend to special
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