a matching puzzle by
PuzzleFast Instant Puzzle Maker
Puzzle URL
https://www.puzzlefast.com/en/puzzles/20160224800248
a matching puzzle by
PuzzleFast Instant Puzzle Maker
https://www.puzzlefast.com/en/puzzles/20160224800248
1. | PURCHASE MONEY MORTGAGE | A. | WHAT IS A TEMPORARY LAON WHERE THE BORROWER MAY BE SELLING A HOME TO PURCHASE ANOTHER AND GETS A TEMPORARY LOAN ON THE HOME FOR SALE? | |
2. | NON-TRADITIONAL LOAN | B. | WHAT IS A MORTGAGE THAT IS RECORDED BEFORE ANY OTHER LIENS AND IS THE FIRST TO BE PAID IN THE EVENT OF A DEFAULT BY THE BORROWER? | |
3. | RATE AND TERM REFINANCE | C. | WHAT LOANS CARRY MORE RISK THAN IS ALLOWED IN THE PRIME MARKET GENERALLY HAVING HIGHER INTEREST RATES? | |
4. | PRE-PAY PENALTY | D. | WHAT IS A PENALTY FOR PAYING THE MORTGAGE OR PORTION OF THE MORTGAGE EARLIER THAN THE DUE DATE? | |
5. | SUBPRIME LOAN | E. | WHAT IS IT CALLED WHEN A LUMP SUM IS DUE BECAUSE THE AMORTIZATION SCHEDULE DID NOT PAY OUT THE MORTGAGE? | |
6. | BALLOON MORTGAGE | F. | WHAT IS A MORTGAGE ISSUED FOR THE PURCHASE OF REAL PROPERTY CALLED? | |
7. | HOME EQUITY LINE OF CREDIT(HELOC) | G. | WHAT IS THE METHOD OF SELLING REAL ESTATE WHEREIN THE PROPERTY PURCHASER AGREES TO TAKE OVER THE PRIMARY LIABILITY FOR PAYMENT OF AN EXISTING LOAN? | |
8. | COMMITMENT | H. | WHAT IS THE CLAUSE WHICH STIPULATES THAT THE ENTIER DEBT IS DUE IMMEDIATELY IF THE MORTGAGOR DEFAULTS UNDER THE TERMS OF THE CONTRACT? | |
9. | WRAP AROUND MORTGAGE | I. | WHAT IS A REVOLVING ACCOUNT SECURED BY A REAL STATE GENERALLY IN A JUNIOR POSITION TO THE FISRT MORTGAGE? | |
10. | FIRST MORTGAGE | J. | WHAT IS THE PROCESS OF PURCHASING LOANS O NTHE SECONDARY MARKET CONVERTING THEM INTO POOLS AND THEN SELLING MORTGAGE BACKED SECURITIES? | |
11. | BRIDGE MORTGAGE | K. | IF A SECOND LIEN IS RETAINED AND THE FIRST IS REFINANCED THEN THE INSTANT THAT THE FIRST IS PAID THE SECOND WOULD BE IN FIRST POSITION. THE PROCESS OF THE SECOND REMAINING IN SECOND POSITION IS? | |
12. | ACCELERATION CLAUSE | L. | WHAT IS A LOAN THAT INCLUDES THE REMAINING BALANCE ON AN EXISTING FISRT PLUS AN ADDITIONAL AMOUNT REQUESTED BY THE BORROWER? | |
13. | SECURITIZATION | M. | WHAT IS IT CALLED WHEN THE LENDERS INTEREST IN THE PROPERTY HAS BEEN EXTINGUISHED BY THE BORROWER MEETING THE TERMS OF THE MORTGAGE OR SECURITY INSTRUMENT? | |
14. | ASSUMPTION | N. | WHAT IS THE CALCULATION OR FORMULA A LENDER USES THAT OUTLINES THE REQUIRED PAYMENTS WHICH INCLUDES THE MONTHLY PRINCIPAL AND INTEREST TO EXTINGUISH A DEBT OVER A PREDETERMINED PERIOD? | |
15. | DEFEASANCE CLAUSE | O. | WHAT IS A REFINANCE TRANSACTION WHERE EITHER THE RATE IS REDUCED AND OR THE TERM IS REDUCED? | |
16. | AMORTIZATION | P. | WHAT IS A LOAN SECURED BY A PRIMARY RESIDENE AND IS NOT A 30 YEAR FIXED RATE PRODUCT? | |
17. | SUBORDINATION | Q. | WHAT IS A PROMISE BY TA LENDER TO ADVANCE FUNDS TO THE BORROWER IF THE CONDITIONS OF THE LOAN REQUIREMENTS ARE MET? | |
18. | CASH OUT REFINANCE | R. | WHAT SI A REFINANCED TRANSACTION WHERE THE PROCEEDS FROM THE REFINANCE ARE USED TO PROVIDE CASH TO THE BORROWER ANDN OR PAY FOR DEBTS NOT SECURED BY THE PROPERTY BEING USED AS SECURITY FOR THE LOAN? |
F | 1. | PURCHASE MONEY MORTGAGE | A. | WHAT IS A TEMPORARY LAON WHERE THE BORROWER MAY BE SELLING A HOME TO PURCHASE ANOTHER AND GETS A TEMPORARY LOAN ON THE HOME FOR SALE? |
P | 2. | NON-TRADITIONAL LOAN | B. | WHAT IS A MORTGAGE THAT IS RECORDED BEFORE ANY OTHER LIENS AND IS THE FIRST TO BE PAID IN THE EVENT OF A DEFAULT BY THE BORROWER? |
O | 3. | RATE AND TERM REFINANCE | C. | WHAT LOANS CARRY MORE RISK THAN IS ALLOWED IN THE PRIME MARKET GENERALLY HAVING HIGHER INTEREST RATES? |
D | 4. | PRE-PAY PENALTY | D. | WHAT IS A PENALTY FOR PAYING THE MORTGAGE OR PORTION OF THE MORTGAGE EARLIER THAN THE DUE DATE? |
C | 5. | SUBPRIME LOAN | E. | WHAT IS IT CALLED WHEN A LUMP SUM IS DUE BECAUSE THE AMORTIZATION SCHEDULE DID NOT PAY OUT THE MORTGAGE? |
E | 6. | BALLOON MORTGAGE | F. | WHAT IS A MORTGAGE ISSUED FOR THE PURCHASE OF REAL PROPERTY CALLED? |
I | 7. | HOME EQUITY LINE OF CREDIT(HELOC) | G. | WHAT IS THE METHOD OF SELLING REAL ESTATE WHEREIN THE PROPERTY PURCHASER AGREES TO TAKE OVER THE PRIMARY LIABILITY FOR PAYMENT OF AN EXISTING LOAN? |
Q | 8. | COMMITMENT | H. | WHAT IS THE CLAUSE WHICH STIPULATES THAT THE ENTIER DEBT IS DUE IMMEDIATELY IF THE MORTGAGOR DEFAULTS UNDER THE TERMS OF THE CONTRACT? |
L | 9. | WRAP AROUND MORTGAGE | I. | WHAT IS A REVOLVING ACCOUNT SECURED BY A REAL STATE GENERALLY IN A JUNIOR POSITION TO THE FISRT MORTGAGE? |
B | 10. | FIRST MORTGAGE | J. | WHAT IS THE PROCESS OF PURCHASING LOANS O NTHE SECONDARY MARKET CONVERTING THEM INTO POOLS AND THEN SELLING MORTGAGE BACKED SECURITIES? |
A | 11. | BRIDGE MORTGAGE | K. | IF A SECOND LIEN IS RETAINED AND THE FIRST IS REFINANCED THEN THE INSTANT THAT THE FIRST IS PAID THE SECOND WOULD BE IN FIRST POSITION. THE PROCESS OF THE SECOND REMAINING IN SECOND POSITION IS? |
H | 12. | ACCELERATION CLAUSE | L. | WHAT IS A LOAN THAT INCLUDES THE REMAINING BALANCE ON AN EXISTING FISRT PLUS AN ADDITIONAL AMOUNT REQUESTED BY THE BORROWER? |
J | 13. | SECURITIZATION | M. | WHAT IS IT CALLED WHEN THE LENDERS INTEREST IN THE PROPERTY HAS BEEN EXTINGUISHED BY THE BORROWER MEETING THE TERMS OF THE MORTGAGE OR SECURITY INSTRUMENT? |
G | 14. | ASSUMPTION | N. | WHAT IS THE CALCULATION OR FORMULA A LENDER USES THAT OUTLINES THE REQUIRED PAYMENTS WHICH INCLUDES THE MONTHLY PRINCIPAL AND INTEREST TO EXTINGUISH A DEBT OVER A PREDETERMINED PERIOD? |
M | 15. | DEFEASANCE CLAUSE | O. | WHAT IS A REFINANCE TRANSACTION WHERE EITHER THE RATE IS REDUCED AND OR THE TERM IS REDUCED? |
N | 16. | AMORTIZATION | P. | WHAT IS A LOAN SECURED BY A PRIMARY RESIDENE AND IS NOT A 30 YEAR FIXED RATE PRODUCT? |
K | 17. | SUBORDINATION | Q. | WHAT IS A PROMISE BY TA LENDER TO ADVANCE FUNDS TO THE BORROWER IF THE CONDITIONS OF THE LOAN REQUIREMENTS ARE MET? |
R | 18. | CASH OUT REFINANCE | R. | WHAT SI A REFINANCED TRANSACTION WHERE THE PROCEEDS FROM THE REFINANCE ARE USED TO PROVIDE CASH TO THE BORROWER ANDN OR PAY FOR DEBTS NOT SECURED BY THE PROPERTY BEING USED AS SECURITY FOR THE LOAN? |