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Match the acronym to the most correct definition: The interest rate on this type of mortgage will be adjusted up or down depending on the

Match the acronym to the most correct definition:

The interest rate on this type of mortgage will be adjusted up or down depending on the current interest rate levels:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

The monthly payment of principal, interest, property taxes and homeowners insurance:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

The total principal and interest payments paid by the investor to the lender each year:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

The ratio of the loan amount to the property value:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

A measure of safety for the lender, the ratio of NOI to annual debt service:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

This type of mortgage consists of a fixed term, as well as a fixed interest rate:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

Financing, or closing costs are disclosed to the borrower with this:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

Statement that discloses the effective interest rate on a loan:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

This government agency delivers mortgage loans to low- and middle- income homebuyers:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

A line of credit in which homeowners can borrow against their home equity and draw funds as needed:

[ Choose ] DCR ADS HELOC FHA LTV FRM PITI ARM TIL GFE

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