P3-118 quiz

A clause that allows a borrower to release a portion of property from a mortgage lien is:

An organization that gathers, updates, and stores financial and public credit information is called a:

The cancellation of a contract or refinance transaction within a legal period is known as:

A mortgage covering a one-to-four family dwelling used for living accommodations is a:

The federal law that requires disclosure of settlement costs and limits escrow requirements is:

A clause in a deed limiting property use for a specified period is a:

A mortgage where the lender pays the homeowner monthly payments, repaid later by refinance or sale, is a:

A credit arrangement where purchases are made continuously prior to payment, with flexible repayment terms, is:

A provision allowing a buyer first opportunity to purchase or lease before others is:

In joint tenancy, the right of a surviving owner to receive the deceased owner’s interest is:

The privilege of passing over another person’s land, usually granted as an easement, is the:

Original mortgage term minus the number of payments that have already been made is the: