BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 80

is a lower amount owed on the mortgage.
is a lower down payment.
is a lower escrow account.
are lower interest rates.
is a higher amount owed on the mortgage.
Question 18. 18. (TCO 3) A _____ mortgage is basically a home equity
loan. (Points : 1)
shared appreciation
second
growing equity
graduated payment
buy-down
Question 19. 19. (TCO 3) You should still contact and use a(n) _____ if
you sell your home without the use of a real estate agent. (Points : 1)
broker
insurance agent
rental agent
contractor
lawyer
Question 20. 20. (TCO 3) James Monroe lives in a structure that
resembles a home, but has only one similar and separate structure
attached to his dwelling. What type of housing is James most likely
living in? (Points : 1)
A condominium
A duplex
A cooperative
A prefabricated home
A single family dwelling
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