STIONS

Which type of loan includes both personal property and real property?

I. Adjustable$-$rate mortgage $($ARM$)$

II$.$ Hard money mortgage

III. Package mortgage

IV$.$ Graduated$-$payment mortgage $($GPM$)$

a$.$ I

b$.$ II

c$.$ III

d$.$ IV

Under which type of loan is the seller cashed out?

I. Adjustable$-$rate mortgage $($ARM$)$

II$.$ Hard money mortgage

III. Package mortgage

IV$.$ Graduated$-$payment mortgage $($GPM$)$

a$.$ I

b$.$ II

c$.$ III

d$.$ IV

Under which type of loan are there lower payments in the early years of the loan with periodic payment increases?

I. Adjustable$-$rate mortgage $($ARM$)$

II$.$ Hard money mortgage

III. Package mortgage

IV$.$ Graduated$-$payment mortgage $($GPM$)$

a$.$ I

b$.$ II

c$.$ III

d$.$ IV