Choose the One Most Appropriate Answer for Each

question 7

Multiple Choice

Choose the one most appropriate answer for each.
-a financing arrangement whereby an owner-occupant sells the property and then remains as a tenant

• A)adjustment period
• B)adjustable rate mortgage (ARM)
• C)blanket mortgage
• D)blended-rate loan
• E)buy-down mortgage
• F)carryback financing
• G)contract for deed
• H)equity mortgage
• I)equity sharing
• J)graduated payment mortgage
• K)interest rate cap
• L)negative amortization
• M)option
• N)overencumbered property
• O)package mortgage
• P)payment cap
• Q)reverse mortgage
• R)sale and leaseback
• S)subordination
• T)wraparound mortgage

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Definitions:

Masters

Individuals who have control or authority over others, such as in the context of slavery or apprenticeships.

Fugitive Slave Law of 1850

Legislation passed in the United States that required the return of escaped slaves to their owners, even in states where slavery was illegal.

Northerners

Individuals from the northern region of a country, especially those from the Northern United States historically opposed to slavery.