Free CTFA Exam Braindumps (page: 38)

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






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