22 of 25 - / 6.4 EE View Policies Current Attempt in Progress Robert has just signed a mortgage contract on his new home for $165000. The mortgage term is 20 years and his monthly payments will be $1020. How much lifetime interest will Robert pay to the lender? O $12240 O $20400 O $79800 O This cannot be determined without the interest rate. Save for Later Attempts: 0 of 2 used 25 of 25 - /6.4 WIN- View Policies Current Attempt in Progress Which of the following is generally not included in the sale of property unless specifically stated? O Wall-to-wall carpets O Lighting fixtures O Furniture O Window treatments Save for Later Attempts: 0 of 2 used Submit Answer V 20 of 25 - / 6.4 ;= View Policies Current Attempt in Progress Borrowers sometimes pay points to their mortgage lender in order to 0 reduce the term of the loan. 0 reduce the principal balance of the loan. 0 reduce the interest rate. 0 cover their closing costs. Save for Later Attempts: O of 2 used 23 onS -/6.4 E View Policies Current Attempt in Progress The of a house is the most important determinant to its value. 0 square footage 0 location O architecture 0 age Save for Later Attempts: 0 of 2 used 21 of 25 - / 6.4 :2 View Policies Current Attempt in Progress Which of the following statements is true of adjustable rate mortgages? O The interest rate changes are subject to limits. 0 They usually convert to a xed-rate loan after a period of time. 0 They generally carry higher initial interest rates than conventional mortgages. Q There is no limit to interest rate changes. Save for Later Attempts: 0 of 2 used 24 of 25 - / 6.4 :2 View Policies Current Attempt in Progress The purpose of a title search is to O verify the seller's legal ownership of the property and ensure that there are no other claims on the property that would interfere with the seller's ownership. 0 ensure that there are no other claims on the property that would interfere with the seller's ownership. 0 verify the seller's legal ownership of the property and ensure that there are no other claims on the property that would interfere with the buyer's future ownership. O verify the buyer's legal ownership of the property. Save for Later Attempts: 0 of 2 used [3 ED