The interest rate on a second mortgage is ____ on a first mortgage created at the same time, because the second mortgage is ____ the existing first mortgage in priority claim against the propertyin the event of default.
A) higher than; behind
B) equal to that; equal to
C) lower than; ahead of
D) higher than; ahead of
E) lower than; behind
Correct Answer:
Verified
Q1: Rates for adjustable-rate mortgages are commonly tied
Q5: Mortgage-backed securities are commonly contained within collateralized
Q7: Mortgage companies specialize in
A)purchasing mortgages originated by
Q9: Which of the following mortgages allows the
Q10: A _ mortgage allows the borrower to
Q15: Use an amortization schedule. A 15-year $100,000
Q15: From the perspective of the lending financial
Q18: "Securitization" refers to the private insurance of
Q19: A balloon-payment mortgage requires interest payments for
Q25: The difference between the 30-year mortgage rate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents