« previous next »

Author Question: This mortgage involves payments based on a fixed rate over a period of several years such as 30, but ... (Read 59 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Aug 3, 2018
This mortgage involves payments based on a fixed rate over a period of several years such as 30, but the loan balance is due at the end of a much shorter term such as five years:
 
  A. Adjustable rate mortgage
   B. Fixed rate mortgage
   C. Balloon mortgage
   D. Graduated payment mortgage

Question 2

The value of the real estate must be evaluated during the loan qualification process. This is typically accomplished through:
 
  A. Real estate tables issued by the state
   B. Existing county tax records
   C. Real estate appraisal
   D. The price set forth in the Agreement of Sale


morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Aug 3, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Aug 3, 2018
TY


morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Aug 3, 2018
You're welcome


« previous next »
 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress
Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
The situational specificity of tolerance to the hypothermic effects of alcohol in rats. (Based on ... The situational specificity of tolerance to the hypothermic effects of alcohol in rats. (Based on ...
Coolest Period Table EVER Coolest Period Table EVER
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library