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Fannie Mae buys and sells all mortgages EXCEPT

The type of loan whereby the borrower makes interest only payments during the life of the loan with the entire principal due for the final payment is called

The interest rate of an adjustable rate mortgage may rise or fall based on the

Which of the following is true of a land sales contract?

When a clause in a mortgage allows the lender to proceed against a borrower’s other assets if the foreclosure sale does not satisfy the debt, the result is called a

The term “undivided interest” means

Using the rule of thumb used by lenders (each point charged raises the yield by 1/8 of 1%), 4 discount points raise the effective yield of a typical home loan by

Who benefits the most by the inclusion of a subordination clause in a mortgage?

A contract created under duress is

Three people are going to purchase an investment property as co-owners, and will take title as joint tenants.  As joint tenants,