Choose the Most Appropriate Answer for Each

question 44

Multiple Choice

Choose the most appropriate answer for each.
-one hundredth of the total amount;1% 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:

Start Button

A graphical control element found in the taskbar of Microsoft Windows operating systems, which opens the Start menu to access programs, files, and settings.

Windows Desktop

A user interface provided by the Windows operating system, consisting of the background, icons for files and applications, and a taskbar.

Close Button

A graphical control element used to dismiss the current view, window, or dialog without making any changes.

Taskbar

A bar usually located at the bottom of the screen on operating systems, providing quick access to open applications and system notifications.