14 Mortgage Basics Flashcards

1
Q

GPM

A

Graduated Payment Mortgage

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2
Q

Wrap around mortgage

A

combine existing loan with new loan

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3
Q

Packaged mortgage

A

packaged real esate with personal property

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4
Q

land contatcts and installmet agreements

A

seller holds title

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5
Q

Reg Z mortgage advertizing regulator

A

triggers are numbers

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6
Q

pre qualification and pre approval

A

difference

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