
Mortgage

Quiz
•
English
•
University
•
Medium
ippo mansur
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a loan used to purchase a home or other real estate called by....
lender
borrower
mortgage
payment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
individuals and business use mortgage to buy real estate without paying the _______ purchase price up.
entire
partial
half
halfway
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the borrower stops paying the mortgage, the lender can _______ on the property.
fore
close
for
foreclose
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equal monthly installments is the characteristics of ________
Fixed rate mortgage
Adjustable-Rate Mortgage
Price level adjusted mortgage
graduated payment mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you are ready to apply for a mortgage, there are some things the lender need to know about the borrowers, such as....except,
employmet
income
credit history
liabilitas
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an additional assurance given by the borrowers through the bank for a credit facility called by.....
collateral
Agreement
kpr
down payment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the process of transferring ownership from the previous owner to the new owner in the land certificate is.............
down payment
collateral
Transfer Ownership
Agreement
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