
Mortgage
Authored by Daniel Moreno
Professional Development
KG
Used 8+ times

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7 questions
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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?
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