Free CTFA Exam Braindumps
Certified Trust and Financial Advisor (CTFA) Questions 151–155 (page: 32)

Updated On: 9-Feb-2026

refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on the mortgage.

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

Answer(s): A



The difference between fair market value and current indebtedness is called:

  1. Down payment
  2. Amortization
  3. Equity
  4. Fixed rate mortgage

Answer(s): A



An account held by the lender into which the home buyer pays money for tax or insurance payments.

  1. Entitlement
  2. Deed of trust
  3. Escrow
  4. Earnest money

Answer(s): C



It is a document that gives evidence of an individual's ownership of property. What is it?

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

Answer(s): A



Mutual funds let you invest.

  1. Invest risk free
  2. Avoid taxes
  3. Profit in any market
  4. Invest in many stocks with relatively little money

Answer(s): D



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