Choose the Most Appropriate Answer for Each

question 34

Multiple Choice

Choose the most appropriate answer for each.
-balance owing on a loan

• A)Amortized loan
• B)Amortization tables
• C)Balloon loan
• D)Budget mortgage
• E)Conventional loan
• F)Discount point
• G)Equity
• H)FHA
• I)Impound account
• J)Loan balance table
• K)Loan origination fee
• L)Loan-to-value ratio
• M)Maturity
• N)Partially amortized loan
• O)PITI payment
• P)PMI
• Q)Point
• R)Principal
• S)Term loan
• T)UFMIP

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Definitions:

Median

A statistical measure representing the middle value in a set of data when arranged in ascending or descending order.

Distribution

In statistics, distribution refers to the way values of a variable are spread or dispersed across a range.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the data points are from the mean.

Variation

The occurrence of differences or discrepancies in characteristics, outcomes, or processes within or among entities or populations.