Negative amortization of a mortgage loan may occur in which of the following types of mortgage loans?
A) ARM
B) SAM
C) GPM
D) All of the above
Correct Answer:
Verified
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
Q36: A rate floor in an ARM
A) is
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
Q42: Private mortgage insurance is used to
A) reduce
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