Choose the Most Appropriate Answer for Each

question 69

Multiple Choice

Choose the most appropriate answer for each.
-shows the principal still owing during the life of 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:

Capacity

The highest limit something can hold or generate, or the capability to execute, grasp, or soak up something.

Memory

The mental process enabling us to record, preserve, and recall past information.

Learning

The acquisition of knowledge or skills through experience, study, or by being taught.

Selective Looking

Focusing visual attention on selective aspects of the environment while ignoring others, a form of selective attention.