The interest rate borrowers pay on their mortgages is determined by
A) current long-term market rates.
B) the term.
C) the number of discount points.
D) all of the above.
Correct Answer:
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Q33: A loan-servicing agent will
A) package the loan
Q34: Growing-equity mortgages (GEMs)
A) help the borrower pay
Q35: Ginnie Mae
A) insures qualifying mortgages.
B) insures pass-through
Q36: A loan for borrowers who do not
Q37: A borrower with a 30-year loan can
Q39: _ issues participation certificates,and _ provides federal
Q40: Distinct elements of a mortgage loan include
A)
Q41: Discount points (or simply points)are interest payments
Q42: A problem that initially hindered the marketability
Q43: One important advantage to a borrower who
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