Which of the Following Statements with Regards to Mortgage Loans

question 84

Multiple Choice

Which of the following statements with regards to mortgage loans is false?

• A)Mortgage loans are usually made on a credit foncier basis.
• B)A 'balloon' payment may be necessary at maturity.
• C)Most life insurance companies specify a minimum amount for mortgage finance,usually upwards of $200 000.
• D)The main source of mortgage finance for companies has traditionally been superannuation funds.

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Definitions:

Free Soil

A political movement in the mid-19th century U.S. that opposed the expansion of slavery into Western territories.

Territories Without Slavery

Regions or areas that, historically or legally, did not permit the practice of slavery.

Land Grants

were parcels of land given by the government or a monarch to individuals, organizations, or colonies, often as a reward or in exchange for services.

Indian Interference

Actions by India that intervene in the internal affairs or conflicts of another country, often perceived negatively.