Choose the Most Appropriate Answer for Each

question 27

Multiple Choice

Choose the most appropriate answer for each.
-an escrow or reserve account into which the lender places the borrower's monthly tax and insurance payments

• 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:

Muggings

Acts of attacking and robbing someone in a public place.

Hot Temperatures

High degrees of heat or warmth in the environment, often causing discomfort or physiological stress.

Potential Victims

Individuals or groups who are at risk of harm or adverse effects from another's actions, environmental situations, or accidents.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.