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Author Question: This mortgage involves payments based on a fixed rate over a period of several years such as 30, but ... (Read 121 times)

bobthebuilder

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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

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Reply #1 on: Aug 3, 2018
Answer to Question 1

C

Answer to Question 2

C


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bobthebuilder

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Reply #2 on: Aug 3, 2018
TY


morganmarie791

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Reply #3 on: Aug 3, 2018
You're welcome


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