« previous next »

Author Question: This mortgage involves payments based on a fixed rate over a period of several years such as 30, but ... (Read 135 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?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

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.

Effects of growth rate on development. Effects of growth rate on development.
Relationships and dates divergence of living primate group based on molecular and DNA comparisons. Relationships and dates divergence of living primate group based on molecular and DNA comparisons.
One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ... One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ...
Enzymatic rate enhancements Enzymatic rate enhancements
Embryonic Period - 7th week Embryonic Period - 7th week
Earth 430 Million Years Ago Earth 430 Million Years Ago
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library