Mortgage, Amortization, Interest & Commissions Flashcards by Maria Santos

Q

A type of loan that is secured with real estate or personal property

A

Mortgage

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A type of loan that is secured with real estate or personal property

A

Mortgage

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

The property that is held a security on mortgage

A

Collateral

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

The first payment that one makes when one buy something with agreement to pay the rest later

A

Down payment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly