Mortgage

Mortgage

University

10 Qs

quiz-placeholder

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Mortgage

Mortgage

Assessment

Quiz

English

University

Practice Problem

Medium

Created by

ippo mansur

Used 2+ times

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10 questions

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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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