Free CTFA Exam Braindumps (page: 37)

Page 36 of 113

First mortgage is:

  1. Flexible payment mortgage
  2. A mortgage score which is in first lien position,
  3. Taking priority over all other liens
  4. Graduated payment mortgage

Answer(s): B,C



A document that gives evidence of an individual's ownership of a property.

  1. Title
  2. Lien
  3. Deed of trust
  4. Escrow

Answer(s): A



The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage.

  1. Adjustable term mortgage
  2. Graduated payment mortgage
  3. Adjustable rate mortgage
  4. Fixed rate mortgage

Answer(s): D



is the money paid to insure the mortgage when the down payment is less than 20 percent

  1. Origination fee
  2. Points
  3. Down payment
  4. Mortgage Insurance

Answer(s): D






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