1. In regards to purchase-money mortgages, what scenario is not appropriate for its use? Group of answer choices

a. The buyer cannot come up with the down payment needed to qualify for a mortgage

b. The seller wants to receive the gain from the sale in installments

c. Third-party mortgage financing is too expensive of unavailable

d. The seller desires to artificially raise the price of the property by receiving a higher-than-market interest rate

2. What are points in a mortgage loan considered to be?

Group of answer choices

Third party charges

Reduction in payment amount

Loan discount fees

Reduction of mortgage yield