The Interest Rate on a Second Mortgage Is ____ on a First

question 61

Multiple Choice

The interest rate on a second mortgage is ____ on a first mortgage created at the same time, because the second mortgage is ____ the existing first mortgage in priority claim against the propertyin the event of default.

• A) higher than; behind
• B) equal to that; equal to
• C) lower than; ahead of
• D) higher than; ahead of
• E) lower than; behind

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Definitions:

Intermittent Reinforcement

A conditioning schedule where a response is reinforced only some of the time, known to create strong and persistent behaviors.

Behavior Modification

A technique used in psychology to change undesirable behaviors through the systematic application of reinforcement or punishment.

Positive Reinforcement

A method in behavioral psychology where a desirable stimulus is introduced after a behavior, increasing the likelihood of that behavior being repeated.

Negative Reinforcement

A type of operant conditioning that occurs when a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.