Mortgage

What do you understand about mortgage?

• a loan

• a credit

• a type of payment method

• a place

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

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

Where do you find "make a payment" feature?

• In branch payment

• Online banking

• Pay by phone

• Automated payments

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

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

How can the bank has the secure for the payment?