Mortgage

Mortgage

KG

7 Qs

quiz-placeholder

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Mortgage

Mortgage

Assessment

Quiz

Professional Development

KG

Practice Problem

Medium

Created by

Daniel Moreno

Used 8+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What do you understand about mortgage?

a loan

a credit

a type of payment method

a place

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Based on the type of mortgage, you can compare with: estimated monthly payments, the interest rate, and how large a down payment you plan to make.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is the type of mortgage considered "sad" where most of our grandparents choose, when they feel that life will end soon.

Fixed-Rate Mortgages

Interest-Only Loans

Adjustable-Rate Mortgage (ARM)

Reverse Mortgages

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Where do you find "make a payment" feature?

In branch payment

Online banking

Pay by phone

Automated payments

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What must be shown to prove that the borrower can pay the mortgage loan?

Tax returns, bank statements and current job

Home ownership, bank statements and current job

Tax returns, bank statements and it does not matter if the borrower is unemployed

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

what will happen if you don't pay your mortgage?

You can lose your property

You can win other propert

You can lose your family xd

7.

FILL IN THE BLANK QUESTION

45 sec • 5 pts

How can the bank has the secure for the payment?