Choose the Most Appropriate Answer for Each

question 29

Multiple Choice

Choose the most appropriate answer for each.
-real estate loans that are not insured by FHA or guaranteed by the VA

• 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:

Cell Phone

A portable telephone that can make and receive calls over a radio frequency link while moving around a wide geographic area.

Information Interview

An interview conducted to gather information about a job, profession, or industry from someone with firsthand experience.

Job Seeker

An individual actively looking for employment or trying to secure a better job position.

Typical Day

A description of the common or usual activities and routines in a person's day or in a specific context.