Mortgage Documents Quiz

Mortgage Documents Quiz

8th Grade

50 Qs

quiz-placeholder

Similar activities

Goal Setting 1st period

Goal Setting 1st period

6th - 8th Grade

50 Qs

Ch 1: Intro to Chemistry

Ch 1: Intro to Chemistry

KG - 12th Grade

52 Qs

Mix Economics chapter 4

Mix Economics chapter 4

KG - University

51 Qs

Ice Breaker Questions

Ice Breaker Questions

KG - Professional Development

55 Qs

AVID Leadership Styles

AVID Leadership Styles

6th - 8th Grade

46 Qs

HTML And CSS

HTML And CSS

4th Grade - Professional Development

53 Qs

Cam 15 - L -Test 2 - Blanks

Cam 15 - L -Test 2 - Blanks

5th Grade - Professional Development

52 Qs

Final Exam Review

Final Exam Review

8th Grade

50 Qs

Mortgage Documents Quiz

Mortgage Documents Quiz

Assessment

Quiz

Professional Development

8th Grade

Easy

Created by

Danielle Cunningham

Used 2+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Robert is reviewing the mortgage documents he received from the bank. What is a typical clause Robert will most likely encounter when reviewing the mortgage...?

Hold harmless clause

Defeasance clause

Flip tax clause

Warranty clause

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The lender or bank who provides a loan to the borrower or homeowner is known as the...?

Underwriter

Principal

Mortgagor

Mortgagee

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specified date is known as what...?

Release Clause

Mortgage

Promissory Note

Acceleration Clause

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The unfair, deceptive, or fraudulent practices of some lenders during the loan origination process is referred to as...?

Predatory Lending

Regulation Z

Discriminatory Lending

Red Lining

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT considered a conventional mortgage?

Jumbo loan

Term loan

VA mortgage

Commercial bank loan

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The process by which a loan principal decreases over the life of a loan is known as what?

Acceleration

Graduation

Amortization

Buydown

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, is known as what?

Graduated Payment

Margin

Increase

Inflation

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?