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Mortgage Flashcards | StudBud
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Mortgage
Mortgage
15 terms
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Mort
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Revenue is money received from taxation fees of fines?
True
False
2
Back up in incase anything were to get broken or damged?
Insurance
Debt
Interest
Loan
3
The original amount of a loan is...
Principal
ARM
The interest
PMI
4
The monthly payment of a loan is...
PMI
Amortization
ARM
Fees
5
Adjustable rate mortgage is...
MLB
Amortization
Principle
ARM
6
A fee for borrowing money is...
Interest
Loan
Pricipal
Mortgage
7
Pay day loans are small amount of money lent at a high rate of interest
False
True
8
Property taxes is tax on your property
True
False
9
PMI is.....
Personal Mortgage Interest
Personal Money Institute
Private Mortgage Insurance
Property Mortgage Income
10
An amount which holds your mortgage insurance and PMI is...
Property tax
PMI
Escrow
ARM
11
Debt is....
Controls the suppy of money
The original amount of a loan
Amount owned to one perso
12
What is a
Balloon
?
Account which holds your money
Adjustable Rate Mortgage
Large amount of cash do at a specific time
Private Morgage Insurance
13
A contract loan for the house is...
Interest
Loan
Principal
Mortgage
14
The ability to take risks and start business is...
Entrepreneurship
Escrow
administrator
backer
15
Controls the supply of money is...
Monetary policy
Balloon
Debt
Revenue
