In a typical fixed rate mortgage, when the loan balance is paid off over the life of the loan, the loan is said to be:
A. Self amortizing
B. Self depreciating
C. Self-accumulating
D. Self declining
Question 2
In the eyes of the lender, a buyer is regarded as a more desirable purchaser:
A. When the real estate agent declares it so
B. When the real estate agent issues a pre-qualification letter
C. When the lender issues a pre-qualification letter
D. When the buyer provides character witnesses