___________ is a claim upon a piece of property for the payment or satisfaction of a debt or obligation.

[answerhappygod]

___________ is a claim upon a piece of property for the payment or satisfaction of a debt or obligation.
A. Escrow
B. Lien
C. Callable debt
D. Balloon payment mortgage


Answer : B

Question 142 ( Topic 1 )
First mortgage is:
A. Flexible payment mortgage
B. A mortgage score which is in first lien position,
C. Taking priority over all other liens
D. Graduated payment mortgage


Answer : BC

Question 143 ( Topic 1 )
The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage.
A. Adjustable term mortgage
B. Graduated payment mortgage
C. Adjustable rate mortgage
D. Fixed rate mortgage


Answer : D

Question 144 ( Topic 1 )
_____________ is the money paid to insure the mortgage when the down payment is less than 20 percent
A. Origination fee
B. Points
C. Down payment
D. Mortgage Insurance


Answer : D

Question 145 ( Topic 1 )
What can be a short term interim loan to pay for the construction of buildings and homes?
A. Adjustable rate mortgage
B. Appraisal
C. Construction loan
D. Conventional loan


Answer : C