Equity Mortgages Are Typically First Lien Mortgages That Are Used

question 64

True/False

Equity mortgages are typically first lien mortgages that are used to tap the increase in equity resulting from rising home prices and first loan principal reductions.

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Definitions:

Mental

Pertaining to the mind or psychological processes of cognition, perception, and emotion.

Physical Illness

A condition that affects the body's normal functions, often characterized by specific symptoms and signs.

Approach-Approach

A conflict occurring when an individual must choose between two attractive stimuli or situations, leading to a decision-making dilemma.

Game Show

A television or radio program in which participants play games or answer questions to win prizes.