Free CTFA Exam Braindumps (page: 37)

Page 37 of 113

What can be a short term interim loan to pay for the construction of buildings and homes?

  1. Adjustable rate mortgage
  2. Appraisal
  3. Construction loan
  4. Conventional loan

Answer(s): C



The amount of debt, not counting interest, on a loan.

  1. Principle
  2. Appraisal
  3. Down payment
  4. Commitment

Answer(s): A



Money given by a buyer to a seller, as part of the purchase price to bind a transaction or assure payment.

  1. Down Payment
  2. Escrow
  3. Earnest money
  4. Deed of trust

Answer(s): C



A legal by which a lender or a seller forces a sale of a mortgaged property.

  1. Foreclosure
  2. Callable debt
  3. Escrow
  4. Default

Answer(s): B



Page 37 of 113



Post your Comments and Discuss ABA CTFA exam with other Community members:

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

Alo commented on November 12, 2018
we shall see, just downloaded. Will report back
Anonymous
upvote