Question
1. Identify the statement that is untrue about buydown loans: They are often used during periods of high inflation They always lower the rate on
1. Identify the statement that is untrue about buydown loans:
They are often used during periods of high inflation
They always lower the rate on the loan for the borrower for the entire loan term
Help borrowers qualify for a loan
They can be offered by home builders
2. All of the following statements about Wraparound Loans are false except for:
The borrower makes payments on existing loan
The lender makes payments on existing loan
The lender only makes payments on the second mortgage
The borrower only makes payments on the second mortgage
3.
In regards to real estate closings, which of the following does not usually participate in the closing?
The buyer and seller
The buyer's and seller's immediate families
Real estate broker(s)
Settlement agent(s)
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Handbook Of European Financial Markets And Institutions
Authors: Xavier Freixas, Philipp Hartmann, Colin Mayer
1st Edition
0199229953, 978-0199229956
