| A | B |
|---|
| A mortgage loan | A loan collateralized with real estate. |
| The "Open End" clause in mortgage would benefit the borrower the most if he: | borrowed additional money |
| An increase in the availability of money would lead to: | interest rates would go down |
| When financing a home with a long-term loan, if equal monthly payments are made, the amount of each payment applied to the outstanding principal balance will: | increase while the interest payment decreases. |
| The real estate financing instrument which transfers equitable title to real property, but retains legal title in the seller, is called: | A real property conditional installment sales contract |
| a conventional loan is never | guaranteed or insured by the federal government. |
| t would be to the advantage of lending institutions to waive prepayment penalties when | funds are in short supply and the demand for loans is high |
| An increase in the availability of money would lead to which effect? | Interest rates would go down. |
| Reg Z does not cover | Owners....people who sell their own property |
| A mortgage broker: | arranges loans between borrowers and investors. |
| Which of these federal laws requires that finance charges be stated as an annual percentage rate? | Truth in Lending Act |
