Real Estate Chapter 8 Quiz
A due-on-sale clause.
A provision that gives the lender the right to demand full payment of a mortgage upon a sale of the property is
A mortgage
An instrument by which property is hypothecated (AKA Collateral) to secure the payment of a debt or obligation is known as
Value
Money is a medium of exchange as well as a measure of
One-to four-unit family dwellings
RESPA regulates loans for which of the following?
Security Instrument
Real estate loans generally include a promissory note and a
Interest
The cost of using money Best describes
F.D.I.C
The federal agency that insures saving accounts is the
An amortized loan
The repayment of a loan in equal installments that include both interest and principal reduction is referred to as
Grant Deed
The security instrument of choice in California is the
Mortgage Company
Which of the following is NOT an institutional lender?