A secondary mortgage market is where:
A) existing lenders sell to other lenders and investors
B) a seller carries a junior trust deed
C) the supply of funds available for real estate loans is decreased
D) the Federal Reserve tightens mortgage interest rates
Correct Answer:
Verified
Q1: Land is valued at $80,000. New construction
Q2: A loan made by a lender who
Q4: The cost approach would be given the
Q5: Which of the following types of loans
Q7: The appraisal principle that states that the
Q8: Private mortgage insurance (PMI):
A) makes the payments
Q9: Find the value by use of the
Q10: Discount points are typically found in
A) VA
Q11: A loss in value because of a
Q17: The most important consideration in an appraisal
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