A typical mortgage Banker is expected to do which of the following?

A. Match a bar with a lending institution that the borrower already has a relationship with

B. underwrite the borrower's credit worthiness

C. provide the mortgage applicant with a list of potential lenders

D. advise and cancel the borrower as to their long-term ability to pay back the loan

Under installment loan contract:

A. the purchaser receives title to the property after he makes the final payment

B. the purchaser typically receives title to the property shortly after obtaining financing from the lender

C. the lender is usually a commercial mortgage lender

D. the purchase takes procession of the property only after paying off the debt

the mortgagor's right of redemption:

A. exist even after the foreclosures sale in some states

B. requires only bringing of the loan current

C. is inapplicable if the mortgagor has no equity

D. exists in a deed of trust

The servicemembers Relief act provides which of the following forms of relief for soldiers on active duty?

A. Foreclose on a boat or yacht

B. excused performance on all credit contracts

C. excused performance on auto credit contracts

D. none of the above