A: A mortgage is a long-term loan secured by real estate
B: A borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity
C: Over 72 percent of mortgage loans finance residential home purchases
D: All of the above are true of mortgages
举一反三
- Which of the following is true of mortgage interest rates? A: Mortgage rates are closely tied to Treasury bond rates, but mortgage rates tend to stay below Treasury rates because mortgages are secured with collateral. B: Longer-term mortgages have higher interest rates than shorter-term mortgages. C: Interest rates are higher on mortgage loans on which lenders charge points. D: All of the above are true. E: Only A and B of the above are true.
- According to the passage, a home mortgage plan ______. A: is similar to a mortgage loan B: is absolutely different from a mortgage loan C: has more benefits than a mortgage loan D: None of the above is correct.
- They'll never get a mortgage; they're bad ______. A: risks B: mortgages C: finance
- Which of the following is true of a mortgage ______. A: The mortgagee retains possession of the mortgaged property B: The mortgagor retains possession of the mortgaged property C: The lender acquires the right to retain the mortgaged property until the mortgage debt is repaid D: None of the above
- Which of the following is an example of an intermediate-term debt? () A: a fifteen-year mortgage B: a sixty-month car loan C: a six-month loan from a finance company D: a thirty-year E: Treasury bond
内容
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Which of the following is true of a mortgage ______. A: The mortgagee retains possession of the mortgaged property B: B. The mortgagor retains possession of the mortgaged property C: C. The lender acquires the right to retain the mortgaged property until the mortgage debt is repaid D: D. None of the above
- 1
Which description about “Mortgage Backed Security” is incorrect? A: MBS is a type of asset-backed security that is secured by a mortgage or collection of mortgages. B: It usually pays periodic payments that are similar to coupon payments. C: It’s the core holding of almost all U.S. institutional fixed-income investors. D: The mortgage does not need to have originated from a regulated and authorized financial institution.
- 2
An individual borrows $200000 to buy a house with a 30-year mortgage requiring payments to be made at the end of each month. The interest rate is 8 percent, compounded monthly. What is the monthly mortgage payment（） A: $ 1480.46. B: $ 1467.53. C: $ 2142. 39.
- 3
In a mortgage pass-through security, the pass-through rate A: is adjusted as market rates rise or fall B: is equal to the mortgage rate on the underlying pool of mortgages C: adjusts the rate on the underlying pool of mortgages by a servicing fee
- 4
John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment（） A: $21,796.14 B: $10,500.00 C: $16,882.43 D: $24,327