Choose the Most Appropriate Answer for Each

question 22

Multiple Choice

Choose the most appropriate answer for each.
-the expenses a lender incurs in processing a mortgage 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:

Mania

A mental state characterized by extremely elevated mood, energy, and activity levels, often associated with bipolar disorder.

Neurotransmitter

Chemicals in the nervous system that transmit signals between neurons or from neurons to muscles.

Acetylcholine

A neurotransmitter that has been linked to depression and dementia.

Bipolar Disorders

Mental health conditions characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).