Question 35 Points are best defined as: Not yet answered Marked out of 1.00 Select one: a. a one-time payment of a percentage of the loan Flag question O b. it may allow the borrower to "buy down" the interest rate O c. one point is 1%, two points 2%, etc. O d. all of these are appropriate examples of points Question 36 Which of the following is not associated with a mortgage loan? Not yet answered Marked out of 1.00 Select one: O a. collateral Flag question O b. real property O c. unsecured debt O d. equity Several government agencies insure the repayment of first mortgage loans, including: Question 37 Not yet answered Marked out of 1.00 Select one: O a. Federal Housing Administration a O b. Veterans Administration P Flag question O c. both the Federal Housing Administration and the Veterans Administration O d. Social Security Administration "One point" represents: Question 38 Not yet answered Marked out of 1.00 Flag question Select one: O a 1 payment per month. O b. 1 percent per month additional charge. O c 1 additional percent for every $10,000 borrowed. O d. 1 percent of the amount borrowed