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HELP ME SOLVE MY FINANCE MULTIPLE CHOICE 25) During the early years of an amortizing mortgage loan, the lender applies A) most of the monthly
HELP ME SOLVE MY FINANCE MULTIPLE CHOICE
25) During the early years of an amortizing mortgage loan, the lender applies A) most of the monthly payment to the outstanding principal balance. B) all of the monthly payment to the outstanding principal balance. C) most of the monthly payment to interest on the loan D) all of the monthly payment to interest on the loan. E) the monthly payment equally to interest on the loan and the outstanding principal balance. 26) A loan for borrowers who do not qualify for loans at the usual market rate of interest because of a poor credit rating or because the loan is larger than justified by their income is A) a subprime mortgage. B) a securitized mortgage C) an insured mortgage D) a graduated-payment mortgage. 27) The percentage of the total loan paid back immediately when a mortgage loan is obtained which lowers the annual interest rate on the debt, is called A) discount points. B) loan terms. C) collateral. D) down payment. 28) Which of the following terms are found in mortgage loan contracts to protect the lender from financial loss A) Collateral B) Down Payment C) Private mortgage insurance E) All of the above us Questions Each question is worth one (I) point A wrong answer will not reduce yourscore. Good Luck! What was the Fed Funds Target Rate after its last FOMC Meeting on March 20, 2019? A. B. At a level of 2800 on March 22d, what was the year to date return for the S&P 500, within 1% Step by Step Solution
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