The reduction of a loan balance through payments made over a period of time is called:
A) a buy-down.
B) shared-appreciation.
C) prepaid interest.
D) amortization.
E) a rate cap.
Correct Answer:
Verified
Q68: The Homeowners Protection Act requires that a
Q74: Money that is usually deposited with the
Q85: Gerry Intel is considering buying a home.What
Q88: Private Mortgage Insurance (PMI) is usually required
Q89: Explain how current interest rates can affect
Q90: Brett has hired a professional to assess
Q93: Legislation that requires that loan applicants be
Q96: During which phase of the home-buying process
Q97: A lease is a legal document that
Q104: Explain negative amortization and how such a
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