Choose the One Most Appropriate Answer for Each

question 31

Multiple Choice

Choose the one most appropriate answer for each.
-a refinanced loan wherein the lender combines the interest rate of the existing loan with a current rate

• 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:

Verbal Children

Children who have developed the ability to use spoken language to communicate thoughts, needs, and desires.

Learning Disabilities

Neurological disorders that affect the ability to understand or use spoken or written language, do mathematical calculations, coordinate movements, or direct attention.

Wechsler Intelligence Scale

A series of standardized tests designed to measure intelligence and cognitive ability in children and adults.

Stanford-Binet

An individually administered intelligence test that assesses various cognitive abilities and provides a measure of general intelligence.