Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fill in the blanks the correct vocabulary please and thank you ary Mini Activity #1 school of ROCK ctions: Fill in the blank with the

image text in transcribed

fill in the blanks the correct vocabulary please and thank you

ary Mini Activity #1 school of ROCK ctions: Fill in the blank with the correct vocabulary term using the glossary located in the kof your Supplemental Guide. Is a clause that protects the lender by preventing the borrower from assigning a debt to another person without the lender's approval. : The right to access a property for a specific purpose. : The practice of denying or making unfavorable terms in a credit transaction based on the demographic of a particular region. : An individual, partnership, limited liability company, trust, or corporation. : Any item with measurable value. : The sharing of fees among settlement service providers. : Lower in rank, position, or priority. : Different or incomparable. :Security against any loss or damage, and compensation or security given to reimburse any loss or damage incurred. : The payment of discount points used to permanently reduce the interest rate paid on a mortgage. _: An individual or entity, such as a lender, that regularly extends closed-end or open-end credit. : A clause in the mortgage that allows for re-conveyance once the mortgage debt is paid in full. It also states that once a mortgagor pays off the mortgage the mortgagee no longer has any legal ties to the property. : A deed given to the lender to avoid foreclosure and fulfill the obligation to repay the debt; this process does not allow the borrower to remain in the house but helps avoid the costs, time, and effort associated with foreclosure. : A mortgage is assumable when a home is sold and the seller may be able to transfer the mortgage to the new buyer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Finance An Introduction To Financial Institutions Investments And Management

Authors: Herbert B. Mayo, Michael J Lavelle

13th Edition

0357714741, 978-0357714744

More Books

Students also viewed these Finance questions

Question

Describe the linkages between HRM and strategy formulation. page 74

Answered: 1 week ago

Question

Identify approaches to improving retention rates.

Answered: 1 week ago