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Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
show Guide to national mortgage trends, used for adjustable mortgage rates  
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show Charge for the use of other people's money  
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show (LVR) percentage of a property's market value that may be borrowed  
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Margin   show
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New Jersey Housing and Mortgage Finance Agency   show
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PITI   show
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Point   show
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Private mortgage insurance   show
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show Mortgage with payments of interest only  
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show Neighborhoods in which the state wishes to strengthen housing stock  
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VA mortgage   show
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show A privately owned corporation that sets standards and buys mortgages  
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Blanket mortgage   show
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show Straight loan for short building period  
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show Cooperative organization for members who save and borrow  
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show Federal Home Loan Mortgage Corporation;warehouses packages of mortgages  
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Ginnie Mae   show
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show Additional financing for homeowner;usually a type of second mortgage  
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show Bridge or seeing loan for short-term financing before a sale  
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show Loan higher than those usually bought by the secondary market  
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Mortgage Banker   show
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show Agent who makes real estate loans  
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Open-end mortgage   show
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show Mortgage covering both real and personal property  
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show Loan not intended for resale on the secondary market  
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show Lending institutions that make mortgage loans to the public  
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show Seller financing  
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show Percentage of income borrower may spend on housing expense  
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Regulation Z   show
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show Mortgage in which lender sends regular checks, building up debt  
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Sale-leaseback   show
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show Loan in which investor shares payments and profits  
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show Words in an ad that require full disclosure of financing conditions  
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show Regulates consumer loans  
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Underwriting   show
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show Additional *Larger loan that does not disturb underlying mortgage  
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Created by: mari9800
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