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Real Estate 84 ch10 quiz with answers

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Real Estate 84 ch10 quiz with answers.0 out of 1 points Which of the following loans may involve a balloon payment? Selected Answer: b. Partially amortized Answers: a. Fully amortized b. Partially amortized c. Interest-only d. Both B and C  Question 2 0 out of 1 points Which of these loans would present the greatest level of risk to a lender? Selected Answer: d. 80% LTV Answers: a. 97% LTV b. 95% LTV c. 90% LTV d. 80% LTV  Question 3 1 out of 1 points Which of the following allows a lender to increase the yield on a loan, enabling it to charge a below-market interest rate? Selected Answer: b. Discount points Answers: a. Origination fee b. Discount points c. Administrative charges d. Prepayment penalty  Question 4 0 out of 1 points An adjustable-rate mortgage has a note rate of 6% interest. The lender uses a margin of 2%. The rate can be adjusted only once a year, and the interest rate is cap

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 0 out of 1 points


Which of the following loans may involve a balloon payment?

Selected Answer: b.

Partially amortized

Answers: a.

Fully amortized

b.

Partially amortized

c.

Interest-only

d.

Both B and C


 Question 2

0 out of 1 points


Which of these loans would present the greatest level of risk to a lender?

Selected Answer: d.

80% LTV

Answers: a.

97% LTV

, b.

95% LTV

c.

90% LTV

d.

80% LTV


 Question 3

1 out of 1 points


Which of the following allows a lender to increase the yield on a loan, enabling it to
charge a below-market interest rate?

Selected Answer: b.

Discount points

Answers: a.

Origination fee

b.

Discount points

c.

Administrative charges

d.

Prepayment penalty

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