A loan in which the seller or another third party agrees to pay an amount to the lender in order to reduce the borrower's payments,or to reduce the interest rate for a portion of the loan's term,is called a(n) :
A) adjustable rate mortgage
B) graduated payment mortgage
C) buy down mortgage
D) shared appreciation mortgage
Correct Answer:
Verified
Q2: Under Federal Regulation Q,the individual states were
Q3: A loan that involves regular increases in
Q4: The rate charged on a Home Equity
Q5: The flat-rate insurance provided by the FDIC
Q6: Under the Housing and Urban Development Act,the
Q7: Federal Home Loan Banks obtain a significant
Q8: Under Regulation Z,the borrower must be informed
Q9: If the current tax law was changed,and
Q10: Under the current tax law,what would the
Q11: A loan in which the lender receives
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